Saudi Paper signs SAR 277 mln debt-restructuring deal with Alinma

21/12/2017 Argaam

 

Saudi Paper Manufacturing Company has inked a debt rescheduling agreement worth SAR 277 million with Alinma Bank, the company said in a bourse statement.

 

The financing tenure will be from Feb. 19, 2018 to Nov. 19 2023, with a one-year grace period. 

 

The first installment will be due on Feb.19, 2019, Saudi Paper said.

 

The facility, which is guaranteed by a promissory note, will be used to restructure Saudi Paper’s current Shariah-compliant debt, in addition to financing capital expenditure as the company looks to expand production capacity. 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read