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Avalon Pharma secures SAR 30M loan from SIDF
26/02/2025
Argaam
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Logo of Middle East Pharmaceutical Industries Co. (Avalon Pharma)
Middle East Pharmaceutical Industries Co. (Avalon Pharma) signed on Feb. 25 a long-term financing loan agreement with the Saudi Industrial Development Fund (SIDF) for SAR 30 million.
In a statement to Tadawul, the company said that the financing period is seven Hijri years, noting that the loan will be repaid in 12 equal semi-annual installments according to the repayment schedule agreed upon with the fund.
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TASI
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84.27
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AVALON PHARMA
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