Riyadh – Mubasher: Middle East Paper Co. (MEPCO) renewed a Sharia-compliant credit facility worth SAR 115 million with the Saudi British Bank (SABB).

The financing period extends from 19 February 2017 until 30 February 2018, according to a bourse filing on Monday.

The facility is to finance the company's working capital and was secured by a promissory note.

Earlier this month, Mepco signed a SAR 360 million Islamic credit facility agreement with Banque Saudi Fransi (BSF) for five years.