Riyadh – Mubasher: Najran Cement Company announced that it has submitted a request to Banque Saudi Fransi to early settle one loan installment worth SAR 15 million which was due on 30 September. 

The loan was provided to finance the waste heat recovery (WHR) project, the kingdom-based cement producer said in a statement to the Saudi Stock Exchange (Tadawul) on Monday.

 Accordingly, the outstanding balance was reduced to SAR 105 million.  

Banque Saudi Fransi approved the request and the pre-settlement transaction was made on 30 June using the company's own resources.