MEPCO
1202.B
0.00%
0.00
0.00
1202.B
Default Company
1140.O
0.00%
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1140.O
Riyadh – Mubasher: Middle East Paper Company (MEPCO) signed a Sharia-compliant credit facility agreement worth SAR 340 million with Bank Albilad to finance the establishment of a factory for the production of tissue and hygienic paper.
The facility consists of a seven-year medium-term loan worth SAR 136 million and a short-term loan valued at SAR 204 million with a two-year maturity period, MEPCO said in a bourse statement on Monday.
Moreover, the loan is secured by a promissory note equivalent to facility value in favour of the bank.
Source:
Mubasher