Alujain Corp. — Capital/Financing Update 2006

Feb 1, 2006

NATPET an affiliate of Alujain corp. announces that a consortium of local & international Banks commits to finance entire commercial loan of its Propylene&Polyproylene complex

2170 · 01/02/2006 16:13:31 · Announcement #7974 · View on Saudi Exchange

NATPET an affiliate of Alujain corp. announces that a consortium of local & international Banks commits to finance entire commercial loan of its Propylene&Polyproylene complex

Engineer Marwan Nusair, President of Alujain, stated that the National Petrochemical Industrial Company (NATPET), where Alujain holds 37% equity, in addition to 20% in the form of a sub-debt, has signed a term sheet with and received a commitment letter from a consortium of local and international banks for the entire commercial financing need of its Propylene and Polypropylene complex in Yanbu Industrial City. The final loan agreement is expected to be finalized and signed shortly.

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