IFLR1000

Jubail Chemicals Storage and Services Company acquisition of chemical storage units

1/2/2016
Asset finance, Murabaha
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SR 1.65 billion

$ 439.872 million

Completed

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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