Halwani Brothers Company obtained today the amount of SAR 13.6m representing the fourth payment of the Industrial Development Fund’s loan of SAR 165m.
This installment increases the amount received to SAR 65m or 39.3% of the total credit; the company said in a filing to Tadawul today.
According to Argaam; Halwani signed SAR 165.2m financing agreement with IDF to finance 50% of Jeddah industrial complex project.
Jeddah industrial complex project will include plants for all the products produced by Halwani Brothers Company.
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