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FINANCIAL NEWS
Saudi’s Marafiq signs USD 0.41bn loan with SIDF
31 May 2016
(MENAFN) The Power and Water Utility Co. (Marafiq) signed a loan agreement value USD 0.41bn with the Saudi Industrial Development Fund (SIDF).
Additionally, the loan will be used to enhance and apply a number of on-going Marafiq projects in the Jubail and Yanbu industrial cities.
Moreover, these projects involved industrial water project at the facilities of Sadara Co. in Jubail and the expansion projects of Marafiq Power Plant.
On the other hand, the loan will be also used as part of Marafiq’s continuous efforts to meet its customers and investors’ needs in the two industrial cities.
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