Riyadh - Mubasher: Saudi Basic Industries Corp (SABIC) has secured a $3 billion bridge loan, as reported by Reuters on Tuesday.

The loan will be dedicated to meeting SABIC’s ongoing financial requirements.

(SABIC) reported a decline in net profits by 18.63% year-on-year in the fourth quarter of 2017 to SAR 3.67 billion, compared to SAR 4.51 billion in the year-ago period.