2012-05-31 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: Saudi Aramco and Dow Chemical have sent requests to banks for $12.4bn in financing for their $20bn Sadara Chemical Co joint venture, Bloomberg has reported, citing two bankers with knowledge of the situation. The two partners plan to raise $2.66bn in bank loans, $1.4bn from the sale of Islamic bonds, $6.5bn from export credit agency financing, $1.3bn from Saudi's Public Investment Fund, and $530m from the Saudi Industrial Development Fund, the people said. Sadara may begin production in 2015, with 40% of its output being exported to Asia and as much as 35% to the Middle East and Africa, Dow Chemical CEO Andrew Liveris said on May 3.  

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