Hail Cement Co. paid, on Dec. 17, the entire loan amount of SAR 152 million to Saudi Industrial Development Fund (SIDF), it said in a bourse statement.
The financial impact will be reflected in the statements for the year ending Dec. 31, 2020.
According to data compiled by Argaam, the cement producer’s board of directors decided on Dec. 15, 2020, to pay early and in full the balance amount of the loan worth SAR 152 million from SIDF.
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