Saudi Paper Manufacturing Company has inked a debt rescheduling agreement worth SAR 277 million with Alinma Bank, the company said in a bourse statement.
The financing tenure will be from Feb. 19, 2018 to Nov. 19 2023, with a one-year grace period.
The first installment will be due on Feb.19, 2019, Saudi Paper said.
The facility, which is guaranteed by a promissory note, will be used to restructure Saudi Paper’s current Shariah-compliant debt, in addition to financing capital expenditure as the company looks to expand production capacity.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}