Saudi Kayan Petrochemical Company announced the payment of the last installment of the senior loans in the amount of USD 644 million, equivalent to SAR 2.4 billion on November 28, 2022, Thus, the company's senior financing loans have been fully settled which Saudi Kayan entered on 31 May 2008 with a group of banks and financial institutions in amount of USD 6 billion, which equivalent to SAR 22.5 billion for 15 years ahead to the agreed scheduled payment plan to finance part of the expenses of building its (Saudi Kayan) complex in Jubail Industrial City. The complex is the one of the world's largest integrated petrochemical complex. Event's Expected Completion Date: The payment has been settled ahead of the scheduled plan.
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