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Eastern Province Cement Co. Announces Obtaining a credit facilities from the Banque Saudi Fransi, compatible with the Islamic Sharia
3080
EPCCO
-1.28
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1445/09/10 20/03/2024 15:47:57
| Element List | Explanation |
|---|---|
| Introduction | Eastern Province Cement Company announces that it has obtained credit facilities compatible with the Islamic Sharia at competitive prices in the amount of one billion Saudi Riyals from Banque Saudi Fransi in order to finance the project of establishing a new production line in the company’s plant site with a production capacity of 10,000 tons/day to be replaced by some current production lines in addition to finance the company's working capital. |
| Date of obtaining the funding | 2024-03-20 Corresponding to 1445-09-10 |
| Financing entity | Banque Saudi Fransi |
| Financing amount. | Saudi Riyals One Billion |
| Financing duration. | Ten years |
| Guarantees offered for the financing | Promissory Note |
| Financing objective | Opening documentary credits for the project of establishing a new production line in the company’s plant site with a production capacity of 10,000 tons/day to replace some of the current production lines, in addition to finance the company’s working capital. |
| Related Parties | None |
| Additional Information | These credit facilities were obtained on competitive teams and prices. |
| Attached Documents |  |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 30.75
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