Financial close for Farabi Petrochemical complex

Farabi Petrochemicals has reached financial close on its SAR4.5 billion ($1.2 billion) linear alkyl benzene project in Yanbu. The deal, initially expected to close in Q2 2018, includes a 15-year SAR2.15 billion commercial bank loan provided by Samba, Banque Saudi Fransi, NCB and Saudi British...