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Saudi Advanced Industries Co Subsidiaries Sign Financing Agreement With Local Banks To Establish Acrylic and Related Products Project In Cooperation With Dow Chemical Co and Evonik Industries AG
National Industrialization Co announced that the subsidiary companies, which are owned by its subsidiary Tasnee and Sahara Olefins Company (TSOC), which are Saudi Acrylic Monomer Company, Super Absorbent Polymer, and Saudi Acrylic Company, has signed financing agreements with nine local banks for a total amount of SAR 5.250 billion (USD 1.4 billion) to finance its investment for the establishment of the Acrylic and Related Products Project in cooperation with Dow Chemical Co and Evonik Industries AG.
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