The final size of the tranche will not be determined until the deal reaches financial close. It could result in some reduction in the size of the $1.5bn commercial bank tranche, and the equally-sized loan from Japanese export credit agency JBIC.
Financial close on the deal is expected on 30 July, following delays of about a week because of difficulties arranging a signing schedule suitable for all the parties involved.
Twenty banks are participating on the deal, in a take-and-hold basis, meaning they will provide the funding themselves rather than syndicating it out to other banks.
You might also like...
Frontrunners emerge for Aramco gas plant expansion
28 March 2024
Spanish firm wins $102m Saudi water design deal
28 March 2024
Riyadh maintains Vision 2030 focus
28 March 2024
Region must rethink talent acquisition
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.