Borrower view: Sabic’s CFO, Mutlaq Al Morished – Ingredients for a new world order

SABIC (Saudi Basic Industries Co)

CEO: Mohamed Al Mady

CFO: Mutlaq Al Morished

Ownership: 70% held by the government of Saudi Arabia; 30% available to Saudi and GCC citizens on the Saudi stock exchange

Headquarters: Riyadh, Saudi Arabia

Products: basic chemicals comprising olefins, aromatics and oxygenates, as well as the intermediate products and derivatives

Financing this year: $4 billion in local stock exchange flotation (May) and $6 billion in syndicated loan with Islamic and conventional tranches (expected to close early December) for the Saudi Kayan petrochemicals project; $7.6