Jubail Chemicals Storage and Services Company acquisition of chemical storage units

1/2/2016

Asset finance, Murabaha

Value:

SR 1.65 billion

Dollar value:

$ 439.872 million

Status:

Completed

Date:

1/2/2016

Overview:

Jubail Chemicals Storage and Services Company (JCSSC) has acquired chemical storage units from Sadara Chemical Company in the King Fahad Industrial Port in Jubail.
The deal was financed via a $440 million receivables financing.
JCSSC is a joint venture between SABIC and Royal Vopak.

Sam Duke - Editor

Jurisdiction:

Saudi Arabia

Deal types:

Asset finance
Murabaha

Practice areas:

Banking
Project development

Industry sector:

Industrials and manufacturing

Firm:

Clifford Chance

Party: Jubail Chemicals Storage and Services Company (JCSSC) (Borrower)

Lawyer: Edmund Boyo

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