SAHARA ANNOUNCES THE SIGNING OF A CREDIT FACILITY AGREEMENT WITH SAUDI INVESTMENT BANK

13/10/2012 Tadawul

Sahara Petrochemicals Company announces that it has completed today Saturday, 27/ 11 /1433 H. corresponding to 13/10/2012 G the signing of a three-year standby medium-term revolving credit facilities agreement with Saudi Investment Bank in an amount of Four Hundred (400) million Saudi Riyals.

The purpose of the facility is to provide standby support for the companys financial requirements with respect to working capital and the needs of the companys projects and future investments.

This important agreement with a leading Saudi bank further supports Saharas general financial strength and reflects the distinguished role of Saudi Investment Bank in supporting the petrochemicals industry. 

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