Najran Cement makes early repayment of BSF's loan

Najran Cement Co. has agreed with Banque Saudi Fransi (BSF) on an early repayment of the loan installment amounting to SAR 15 million, due on Sept. 30, 2019, the company said in a bourse statement.

The principal loan, which dropped to SAR 105 million, was secured for expansion of the third production line.

The early loan resettlement was financed from the company's own resources, a decision that came in line with its strategy to boost financial solvency.