Riyadh – Mubasher: Middle East Paper Co. (MEPCO) has secured SAR 169 million sharia-compliant credit facility from National Commercial Bank (NCB).

The revolving credit facility will be renewed annually on 31 August, according to a bourse statement released on Tuesday.

The loan will be used to finance MEPCO’s working capital and meet some requirements, the company added.

The Tadawul-listed firm reported a 79.4% year-on-year profit decline during the first quarter of 2019, recording SAR 5.78 million.