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Advanced Petrochemical adding new unit at planned Jubail PDH-PP complex

Advanced Petrochemical adding new unit at planned Jubail PDH-PP complex
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Here's what you need to know before Tadawul trading on Wednesday

RIYADH: Saudi stocks extended gains for a third straight day on Tuesday in line with higher oil prices which lifted most major Gulf markets. The Kingdom’s main index TASI and its parallel Nomu market both finished the session 0.5 percent higher at 12,084 and 20,997 points, respectively. Dubai’s DFMGI led the region’s gains as it surged 1.6 percent, bolstered by the initial ....

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Advanced Polyolefins secures $1.6bn loans for 3 plants at Jubail Industrial City

RIYADH: Advanced Polyolefins Industry Co., a unit of Saudi-listed Advanced Petrochemical, has secured loans worth SR6.1 billion ($1.6 billion) to finance the construction of three plants at Jubail Industrial City II in Saudi Arabia. The Shariah-compliant facility deals are repayable in 22 installments until November 2035, while SR956 million of the amount is payable by May ....

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Saudi Advanced Petrochemical unit pens $800m loan deal with SIDF

RIYADH: A unit of Advanced Petrochemical Co. has closed a loan deal worth SR3 billion ($800 million) with the Saudi Industrial Development Fund, known as SIDF. Advanced Polyolefins Industry Co. will use the funds “to finance the construction of propane dehydrogenation and polypropylene plants,” according to a bourse filing. Located in Jubail industrial city, the plants will ....

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EEI Saudi Arabia unit bags ₧11-B deal to build plant

Al Rushaid Construction Co. Ltd., the joint venture of EEI Corp. and Al Rushaid Petroleum Investment Co. (ARPIC), has secured a contract to build a propane dehydrogenation (PDH) plant in Saudi Arabia worth about 800 million SAR (P11 billion). The company has signed a contract for the construction of Advance… ....

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