July 25, 2017 4:18 PM ET

Construction and Engineering

Company Overview of Yanbu Aramco Sinopec Refining (YASREF) Company Ltd.

Company Overview

Yanbu Aramco Sinopec Refining (YASREF) Company Ltd. focuses on the construction, operation, and management of a full conversion refining complex in the Yanbu Industrial City. The company offers manpower, maintenance, operations support, janitorial and housekeeping, and information technology (IT) support services. Yanbu Aramco Sinopec Refining (YASREF) Company Ltd. was formerly known as Red Sea Refining Company and changed its name in January 2012. The company was incorporated in 2010 and is based in Yanbu, Saudi Arabia. Yanbu Aramco Sinopec Refining (YASREF) Company Ltd. operates as a subsidiary of Saudi Arabian Oil Company.

PO Box 32223

Yanbu,  41912

Saudi Arabia

Founded in 2010

Phone:

966 14 398 1556

Key Executives for Yanbu Aramco Sinopec Refining (YASREF) Company Ltd.

President, Chief Executive Officer, and Director
Chairman and Senior Vice President of Engineering, Capital, and Operations Support
Age: 57
Vice President of Finance, Chief Financial Officer, and Director
Executive Director of Employee Relations and Training and Director
Vice President of Engineering
Compensation as of Fiscal Year 2017.

Yanbu Aramco Sinopec Refining (YASREF) Company Ltd. Key Developments

Yanbu Aramco Sinopec Refining Secures $4.7 Billion Syndicated Loan

Yanbu Aramco Sinopec Refining has secured $4.7 billion syndicated loan to refinance an existing shareholders’ credit facility. The loan has been secured from a syndicate of 26 local, regional and international financial institutions. Primarily, the loan will be used to refinance shareholders' funds used for the construction of the 400,000 barrel per day refinery that is located next to the Red Sea. The credit facilities include a US dollar denominated 7-year term facility signed with 17 regional and international financial institutions for an aggregate amount of $3.1 billion. It also includes Saudi Arabian riyal denominated 7-year term facility totaling $1.6 billion signed with nine participating local financial institutions.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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