Saudi Paper Manufacturing Co. Announces Obtaining a Facilities Agreement
| Element List | Explanation |
|---|---|
| Introduction | Saudi Paper manufacturing company announces the signing of an agreement with Arab Banking Corporation – Bank ABC to provide credit facilities |
| Date of obtaining the funding | 2024-01-07 Corresponding to 1445-06-25 |
| Financing entity | Bank ABC (Arab Banking Corporation BSC) |
| Financing amount. | EUR 24.9 million |
| Financing duration. | 5 years |
| Guarantees offered for the financing | 1) SACE Italian ECA Insurance
2) Order Notes |
| Financing objective | Financing the purchase of new projects and Support cash liquidity to cover working capital required for operations in line with the company's strategy and future plans |
| Related Parties | The Subsidiaries of Saudi Paper Manufacturing Company |
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