Saudi Arabia finances 800-bed King Salman Hospital costing $135 million in Zambia    Maximum fine of SR100000 for intentionally blocking or obstructing public road    Saudi Arabia arrests 23,194 illegal residents in a week    Lulu opens its first store in Makkah    Kremlin denies plans for Ukrainian peace talks    UN official warns of freezing deaths among Gaza children    Germany to open first anti-Muslim racism reporting center    Al-Hamddan's heroics send Saudi Arabia into Gulf Cup semi-finals    Saudi Arabia strongly condemns burning of Gaza hospital by Israeli forces    Saudi-Turkish Military Committee discusses ways to enhance defense cooperation    Kuwait advances to semi-finals after thrilling draw with Qatar    Two die in Sydney to Hobart yacht race    Lulu Retail expands in Saudi Arabia with two new stores    Saudi Arabia to host Gulf Cup 27 in Riyadh in 2026    Celebrated Indian author MT Vasudevan Nair dies at 91    RCU launches women's football development project    Financial gain: Saudi Arabia's banking transformation is delivering a wealth of benefits, to the Kingdom and beyond    Blake Lively's claims put spotlight on 'hostile' Hollywood tactics    Five things everyone should know about smoking    Do cigarettes belong in a museum    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Chinese lenders finance Sinopec-Sabic-Tianjin Petrochemical Company
Saudi Press Agency Published in Saudi Press Agency on 18 - 01 - 2010

Sinopec-Sabic-Tianjin Petrochemical Co. (SSTPC), a 50/50 joint-venture of The Saudi Basic Industries Corporation (SABIC) and China Petroleum & Chemical Corporation (Sinopec) has obtained 12.26 billion Yuan ($1.8 billion) long-term financing from Chinese lenders and 6 billion Yuan to cover its working capital needs.
SSTPC founded in November 2009, received financing from China Construction Bank , China Development Bank, Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China and Sinopec Finance Co.
The contract was signed by SSTPC Chairman of the Board of Directors Khalid Abdulaziz Al Manea.
--MORE

Clic here to read the story from its source.