Saudi Paper Manufacturing Co. Announces Obtaining a Facilities Agreement

Saudi Paper Manufacturing Co. Announces Obtaining a Facilities Agreement

28 December 2023 04:00 PM

SPM

2300

18.06%

43.15

6.60

Element List

Explanation

Introduction

Saudi Paper manufacturing company announces the signing of an agreement with Riyad Bank to provide credit facilities (in compliance with Shariah regulations)

Date of obtaining the funding

2023-12-28 Corresponding to 1445-06-15

Financing entity

Riyad Bank

Financing amount.

SAR 85 million

Financing duration.

3 Years

Guarantees offered for the financing

Promissory note

Financing objective

Support cash liquidity to cover working capital required for operations in line with the company's strategy and future plans

Related Parties

No related



Saudi Paper Manufacturing Co. Announces Obtaining a Facilities Agreement