How Sadara-Dow will transform Saudi chemicals market

Author: Gemma Varriale | Published: 9 Jul 2013
  • Sadara Chemical Company’s financing of the biggest chemicals complex ever built in a single phase completed on June 28;
  • The scale of the project financing for the multi-sourced transaction is unprecedented, with more than $12.5 billion raised from the full range of external project financiers;
  • The main financing supplements a record-breaking $2 billion sukuk tranche;
  • It is the biggest project finance sukuk ever issued and the first time a project bond has been issued in the Kingdom before other project debt had been arranged.

The main financing for Sadara Chemical Company’s project financing has just completed. The deal is the biggest of its kind and is set to transform the Middle East’s petrochemicals sector.

The project, a joint venture between the Saudi Arabian Oil Company (Saudi Aramco) and the Dow Chemical Company, involved building and operating a $20 billion integrated chemicals complex in Jubail Industrial City,...



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