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FINANCIAL NEWS
Saudi Sahara Petrochemical wins USD107m loan
14 Oct 2012
(MENAFN) Saudi Arabia-based Sahara Petrochemical Co. has won a three-year medium-term revolving credit facility of USD107 million, Reuters reported.
The company said in a statement on the Saudi bourse (Tadawul) it will use the cash to support both the company’s working capital and to aid future investments.
The company also reported a 55 percent decline in third-quarter profit to USD11.64 million from USD26 million a year earlier.
The Jubail-based producer makes basic petrochemicals including propylene, acrylic acid, ethylene, low and high-density polyethylene, caustic chlorine and ethylene dichloride.
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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