Advanced Petrochemical Company announces obtaining a sharia-compliant Islamic credit facility with competitive prices in the amount of (1,600,000,000) Saudi Riyals from the Saudi National Bank to finance general corporate purposes.
Date of obtaining the funding
2023-09-27 Corresponding to 1445-03-12
Financing entity
The Saudi National Bank
Financing amount.
SR 1,600,000,000
Financing duration.
Five years
Guarantees offered for the financing
Promissory Notes
Financing objective
To finance general corporate purposes.
Related Parties
None
Additional Information
Noting that the new credit facility agreement has better commercial terms and competitive prices.
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