SAHARA affiliate signs Murabaha refinancing facility

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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.

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