Sipchem building

Sahara International Petrochemical Co. (Sipchem) announced that its 75%-owned subsidiary, International Polymers Co. (IPC), signed a Murabaha facility agreement with Riyad Bank on Feb. 28, 2021.

 

The company said in a statement that all of its loans are Shariah-compliant.

 

Meanwhile, CEO Abdullah Al-Saadoon said that the agreement comes in line with the company's strategy of making all its transactions Shariah-compliant.

 

According to data compiled by Argaam, Sipchem announced in December 2020 that IPC signed a SAR 700 million Murabaha facility agreement with Riyad Bank to refinance the existing syndicated bank facility and loan from the Public Investment Fund (PIF).

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Sipchem subsidiary inks SAR 700 mln Murabaha refinance facility with Riyad Bank

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request