Arabian Plastic Industrial Company (APICO) announces the signing of credit facility agreement with SIDF.

Arabian Plastic Industrial Company (APICO) announces the signing of credit facility agreement with SIDF.

Element List

Explanation

Introduction

Arabian Plastic Industrial Company (APICO) has secured working capital facility of SR 23M from Saudi Industrial Development Fund (SIDF), to support business operations and company’s growth.

Date of obtaining the funding

2024-01-16 Corresponding to 1445-07-04

Financing entity

Saudi Industrial Development Fund (SIDF)

Financing amount.

SR 23,000,000

Financing duration.

24 months.

Guarantees offered for the financing

Fixed Assets Mortgage & Promissory Note.

Financing objective

Financing working capital requirements of APICO.

Related Parties

No related parties

Arabian Plastic Industrial Company (APICO) announces the signing of credit facility agreement with SIDF.