SATORP to raise SAR 2bn loan from SIDF

Riyadh-Mubasher: Arabian Aramco Total Services Co. said its major shareholder Saudi Aramco Total Refining and Petrochemical Co. (SATORP) has obtained a SAR 2 billion loan from the state-affiliated Saudi Industrial Development Fund (SIDF).

The company is expected to draw the 7.5-year loan in a single disbursement on or around 15 June 2015.

SATORP is a joint venture between Saudi Aramco and Total.

Mubasher Contribution Time: 10-Jun-2015 13:32 (GMT)