The Gulf International Bank investment banking division has been appointed as an independent financial advisor to Saudi Jubail United Petrochemical Company on issues pertaining to the raising of debt finance for the latter's proposed new petrochemicals complex in al-Jubail, said a press release issued on Wednesday.
The complex, which is expected to cost around $2 billion, will produce ethylene, polyethylene, ethylene glycol and linear alphaolephins, said the release, cited by the Saudi Press Agency (SPA)
Jubail company is a wholly owned subsidiary of Saudi Basic Industries Corporation (SABIC), one of the world's leading producers of petrochemicals and polymers – Albawaba.com
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