Saudi Sadara Chemical fulfils lenders' conditions for project completion date

The PCD is a key milestone that marks the completion of the Sadara project and follows the completion of the creditors’ reliability test (CRT) in December 2018

  
Sadara Chemical Co facility is seen in Jubail, Saudi Arabia April 30, 2015. Picture taken April 30, 2015. Image used for illustrative purpose.

Sadara Chemical Co facility is seen in Jubail, Saudi Arabia April 30, 2015. Picture taken April 30, 2015. Image used for illustrative purpose.

Saudi Aramco/Handout via REUTERS

Riyadh –  Sadara Basic Services Company said that its parent company, Sadara Chemical Company (Sadara), has fulfilled the conditions specified by the lenders to achieve the Project Completion Date (PCD) of Sadara project.

The PCD is a key milestone that marks the completion of the Sadara project and follows the completion of the creditors’ reliability test (CRT) in December 2018, according to a bourse filing on Tuesday.

The reliability test is a monitored exercise designed to demonstrate that Sadara’s 26-plant chemical complex is operating at full capacity.

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