The National Gas and Industrialization Co. (GASCO) received SAR 85.3 million out of the loan arranged by the Saudi Industrial Development Fund (SIDF), the company said in a bourse statement.
The first payment represents 50% of the total loan value, after deducting consultancy and feasibility study costs of SAR 16.2 million.
In September 2018, GASCO signed a six-year credit agreement worth SAR 203 million with SIDF, Argaam reported.
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