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Sipchem Company To Get SR 1.4 Billion Loan
Saudi Press Agency Published in Saudi Press Agency on 02 - 06 - 2012

Saudi International Petrochemical Company "Sipchem" said that its subsidiary, World Polymers Company, signed with 4 Saudi banks last week an Islamic loan contract amounting to SR 1.4 billion for a period of two and a half years.
The company said in a press release today that the loan aims to support the financing of the project of Vinyl Acetate Ethylene, Polyethylene Factory in Jubail Industrial City that will produce 200,000 metric tons starting from the middle of the next year 2013.
It is worth mentioning that the total cost of the project amounts to SR 3 billion.

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