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FINANCIAL NEWS
Saudi Marasel to set up JV with Bangladesh firm
30 Aug 2010
(MENAFN) Bangladesh’s biggest private sector industrial conglomerate Beximco said that it has set up a joint venture with a Saudi firm to invest nearly $1 billion for upgrade of Bangladesh’s sole oil refinery, Reuters reported.
Beximco and Marasel Company of Saudi Arabia will jointly submit interest for funding an upgradation project of the Eastern Refinery Limited.
State-owned Bangladesh Petroleum Corporation (BPC) invited offers in July from international firms and financial institutions to finance the $900 million project near Chittagong port.
It is noteworthy that Marasel Company is owned by Saudi Prince Salman Bin Sultan Bin Abdul Aziz Al-Saud and has large investments in various sectors, mainly in energy.
More News
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Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
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BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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