UCIC renews SAR 140M banking facilities with SAB

08:32 AM (Mecca time) Argaam
Logo ofUnited Carton Industries Co. (UCIC)

Logo of United Carton Industries Co. (UCIC)

United Carton Industries Co. (UCIC) signed an offer letter to renew Shariah-compliant banking facilities with Saudi Awwal Bank (SAB) worth SAR 140 million.

 

For more news on listed companies

 

In a statement to Tadawul, the company said it secured the financing on July 16 for a one-year term ending on July 15, 2026. The financing is backed by a promissory note worth SAR 140 million in favor of the bank.

 

UCIC added that the funds will be used to cover working capital needs, including issuing letters of credit, guarantees, and collection documents.

 

There are no related parties to the deal, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.