Saudi Clay Pipes pays off SAR 37.5 mln loan to SIDF

24/05/2015 Argaam

Saudi Vitrified Clay Pipes Company (SVCP) said that it has fully paid off a SAR 37.5 million loan to the Saudi Industrial Development Fund (SIDF).

 

The company completed its payments last Thursday, although the last installment was originally due on June 30, 2016, the company said in filing to Tadawul, Saudi Arabia’s bourse.

 

SVCP had used the loan to fund its second plant, it added.

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