GACO pays SAR 27.7m of the past due installments to Al Rajhi

10/01/2012 Argaam

Qassim Agriculture company (GACO) announced today on tadawul the repayment of SAR 27.7m defaulted installments to Al Rajhi bank as follows:

  •  SAR 13.7m as a defaulted land contract installment originally fell due in July 2011.
  • SAR 14m representing the value of the forward sale agreement originally fell due in August 2011.

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