| Introduction |
Middle East Paper Company (MEPCO) announces a Shariah-compliant banking facility with Bank Albilad as follows: |
| Date of receiving Credit Facility |
2018-10-15 Corresponding to 1440-02-06 |
| Creditor |
Bank Albilad |
| Credit Facility value |
SR 100 million |
| Credit Facility duration |
From the date of signing the agreement to 07/07/2019 |
| Guarantees provided for credit facility |
The facility is secured by a promissory note (equivalent to facility value) in favor of the bank. |
| Reason for Credit Facility |
-The purpose of this facility is to finance the company's working capital and to meet other business requirements. |
| Related Parties |
No related parties on this agreement. |
| Additional Information |
None |
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