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Middle East Paper Co. (MEPCO) Announces signing renewal bank facility agreement (Shariah-compliant) with SAMBA BANK

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Introduction Middle East Paper Co. ( MEPCO) announces of renewal banking facility agreement (Shariah-compliant) from SAMBA BANK the value of facilities SAR 93 million as follows:
Date of obtaining the funding 2021-03-01 Corresponding to 1442-07-17
Financing entity SAMBA BANK
Financing amount. SAR 93 million
Financing duration. Revolving Facility renewable every year at the end of June.
Guarantees offered for the financing The facility is secured by a promissory note (equivalent to facility value) in favor of the bank.
Financing objective The purpose of this facility is to finance the company's working capital & Spare Parts for Factory Machines.
Related Parties No related parties on this agreement.

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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