Saudi-based Alinma Bank granted on Tuesday a $1 billion credit facility to Saudi Basic Industries Corp (SABIC), al-Hayat online news service reported. SABIC's Chief Executive Mohamed al-Mady declined to comment the report.
"The facility will fund some of the company's petrochemical projects as part of the company's strategic plans to enhance financing performance, boost competitiveness and contribute to achieve the company's expansion and growth strategy," al-Hayat said in the unsourced report.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
Novo Nordisk recently announced changes to its executive leadership and Board of Directors.
Jens Birgersson becomes new Brenntag CEO
Honeywell will acquire Johnson Matthey's Catalyst Technologies business segment for €2.15 billion in an all-cash transaction.
This interview covers key results of the study ‘Success Factor Supply Chain Management and Logistics in the Chemical Industry 2024’ by Solventure, Aimms and Miebach.
