| Element List |
Explanation |
| Introduction |
Eastern Province Cement Company announces that it has obtained credit facilities compatible with the Islamic Sharia at competitive prices in the amount of one billion Saudi Riyals from Banque Saudi Fransi in order to finance the project of establishing a new production line in the company’s plant site with a production capacity of 10,000 tons/day to be replaced by some current production lines in addition to finance the company's working capital. |
| Date of obtaining the funding |
2024-03-20 Corresponding to 1445-09-10 |
| Financing entity |
Banque Saudi Fransi |
| Financing amount. |
Saudi Riyals One Billion |
| Financing duration. |
Ten years |
| Guarantees offered for the financing |
Promissory Note |
| Financing objective |
Opening documentary credits for the project of establishing a new production line in the company’s plant site with a production capacity of 10,000 tons/day to replace some of the current production lines, in addition to finance the company’s working capital. |
| Related Parties |
None |
| Additional Information |
These credit facilities were obtained on competitive teams and prices. |
| Attached Documents |
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