Monday 31, December 2012 by Robin Amlôt

SAHARA affiliate signs Murabaha refinancing facility

SAHARA Petrochemicals Company affiliate, Saudi Ethylene & Polyethylene Company (SEPC, 24.41 per cent owned by SAHARA) has completed  a long-term Murabaha Refinancing Facility Agreement in Saudi Riyal with eight local banks in addition to one regional bank for a total amount of SAR 4.8 billion.

Features & Analyses

Commercial Banking Banking—creatively disrupted

Sanjeev Kumar, Group CEO, M Holdings Limited, discusses how Bank M became a top bank in Tanzania and why it is now taking its offering… read more