Tagged: Mutlaq al Morished

Saudi’s SABIC says to issue sukuk for projects

Saudi’s SABIC says to issue sukuk for projects

Saudi Basic Industries Corp (SABIC), the world’s biggest petrochemicals group, will issue a sukuk late this year or next year to fund coming projects. SABIC has 40 billion riyals ($10.7 billion) worth of projects over the next few years and the company…

Saudi’s SABIC gets $1bn credit from Alinma Bank

Saudi’s SABIC gets $1bn credit from Alinma Bank

Saudi based Alinma Bank said that it would grant a $1bn credit facility to SABIC, plugging a financial gap at the petrochemical group. SABIC Chief Executive Mohamed al Mady declined to comment while Chief Financial Officer Mutlaq al Morished could not …