Yamama Cement Co. Announces the Signing of a Bank Financing Agreement

Element ListExplanation
Date of obtaining the funding 2022-03-31 Corresponding to 1443-08-28
Financing entity Saudi National Bank
Financing amount. The total financing amount is 1,663 million riyals (Islamic Sharia compliant) consisting of:

1- Long-term financing of (800 million Riyals).

2- Refinancing part of the existing long-term loans amounting to (563 million Riyals).

3- Short-term financing of (300 million Riyals).

Financing duration. 1- Long-term financing for a period of eight years (including three years of grace period).

2- Long-term financing for a period of four years to repay part of existing loans.

3- Short-term financing for a period of one year (revolving loan on demand).

Guarantees offered for the financing Promissory note.
Financing objective The purpose behind the agreement is:

• long term Loan:

- For financing transfer and install the seventh line from the old plant in the south of Riyadh to the new plant’s location in Northern Halal in Al-Kharj governorate of the Riyadh region, and the production capacity of the line is 10 thousand tons/day clinker. Thus, by the end of 2024, the production capacity at the new site will reach 30 thousand tons/clinker per day.

- repaying part of existing loan obligation.

- improving financial efficiency.

• short-term Loan:

- finance working capital.

Related Parties None.

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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