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Hail Cement Company Announces the approval of the Board of directors the full settlement of SIDF loan balance.

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Announcement Detail Hail Cement Company would like to announce to its shareholders, that it’s Board of Directors has decided by circulation on 15 December 2020, the full settlement of the balance remaining of SIDF loan amounting to SAR 152 million. Originally the amount of Loan was SAR 300 million, out of which SAR 148 million is paid as of date.

The financial impact of the above transaction will be reflected in the Financial Statements for the year ending 31 December 2020.

The Capital Market Authority and the Saudi Stock 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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