TITLE

GAS finances expansion in Al-Jubail and Yanbu

AUTHOR(S)
Lim, Jeanne
PUB. DATE
April 2007
SOURCE
ICIS Chemical Business;4/30/2007, Vol. 2 Issue 64, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that Sabic affiliate National Industrial Gases Co. (GAS) has signed a murabaha loan to finance part of its existing expansion project. The agreement was signed by a group of eight local and Gulf banks. A murabaha loan includes a profit margin agreed by the buyer and seller and is compliant with Islamic sharia law. Parties involved in the deal included Ibrahim Al-Shuweir, GAS chairman and SABIC's vice president of corporate control, Banque Saudi Fransi and Riyad Bank.
ACCESSION #
25073718

 

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