Tuesday, May 15, 2012
BEIRUT (Zawya Dow Jones)--Bahrain's United Steel Co., or Sulb, a joint venture between the local Gulf United Steel Holding Co., or Foulath, and Japan's Yamato Kogyo, has signed an agreement for a loan worth $373 million from France-based lenders BNP Paribas and Societe Generale, Manama-based Al Wasat daily reports Tuesday.
Sulb, a manufacturer of a range of steel products from pellets to steel sections and beams, will use the funds to partly finance its projects whose combined investment in Bahrain and Saudi Arabia totals $1.4 billion, the paper said.
Newspaper website: http://www.alwasatnews.com/3538/news/read/663058/1.html
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
15-05-12 0649GMT
