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The pair tangled while battling for third place behind winner Oscar Piastri of McLaren and Ferrari's Charles Leclerc
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SABIC and Deutsche Bank sign $1b loan
RIYADH — Saudi industrial giant SABIC said yesterday it had signed a $1 billion Islamic loan with Deutsche Bank to help fund future projects.
“Under this deal, SABIC will be able to outsource banking facilities to finance part of its expansion projects and future investments,” a statement on the firm’s Web site said.
SABIC (Saudi Basic Industries Corp.), the largest capitalised firm on the Saudi bourse, says it has total current expansion projects valued at between $25 and $29 billion.
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