Formal appointments have yet to take place. However, banks understood to have been notified about participating in the $1,500 million commercial portion are understood to include: ABN Amro, Arab Banking Corporation, Bank of Tokyo-Mitsubishi, Banque Saudi Fransi, Calyon, Gulf International Bank, HSBC, Mizuho Financial Group, Riyad Bank, Saudi Hollandi Bank, Saudi British Bank, Standard Chartered Bank, Sumitomo-Mitsui Banking Corporation (SMBC)and United Financial Japan Bank. Banks which offered commitments of more than $150 million were called back for negotiations in early November (MEED 11:11:05).

Appointments are also close on the $500 million Islamic debt portion. Japan Bank for International Co-operation (JBIC) is expected to provide $2,500 million while the Public Investment Fund will extend $1,000 million. SMBC is acting as financial adviser; Clifford Chanceis providing legal counsel, Stone & Webster; part of the US’ Shaw Group, is technical consultant; and the UK’s Nexantis market consultant.