PROJECT FINANCE

Khair Inorganic Chemical Industries (Inochem) is the client of the project.

• January 2012 - NCB Capital has been appointed as the financial advisor on the scheme.

• January 2015 - ISACC has revealed that the project will be managed by Inochem (Khair Inorganic Chemical Industries Company), a company under establishment by ISACC.

• December 2015 - ISACC announces that Sanabil Investments has become a strategic founding partner of the Khair Inorganic Chemical Industries Company (Inochem) project with a 30% share, which marks the completion of the capital raise ahead of the company’s incorporation.

• December 2019 - Inochem has secured a $453 million load deal with Alinma Bank and Al Bilad Bank to fund the soda ash and calcium chloride complex.