AJA Pharma secures SAR 158 mln Sharia-compliant loan

15/09/2015 Argaam

Saudi Chemical Co.’s (SCC) subsidiary, AJA Pharma, has secured a SAR 158 million Sharia-compliant loan from Gulf International Bank (GIB) to finance a plant.

 

The 12-month loan can be extended for a six-month period, the parent company said in a statement to Tadawul.

 

SCC owns 95 percent of AJA, and five percent through indirect ownership by one of its affiliates, according to data available on Argaam. 

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