Saudi Paper renews, adjusts credit facility deal with Al Rajhi Bank to SAR 125M

15/10/2025 Argaam
Saudi Paper Manufacturing Co. (SPM)headquarters

Saudi Paper Manufacturing Co. (SPM) headquarters

Saudi Paper Manufacturing Co. (SPM) renewed and amended today, Oct. 15, a credit facility agreement with Al Rajhi Bank, according to a statement to Tadawul.

 

The deal includes an increase in the current working capital financing facility by SAR 100 million, bringing the total funding value SAR 125 million.

 

The 12-month working capital facilities are renewable, said the company, adding that the agreement is secured by a promissory note at the full amount of the financing.

 

The funds will be used to support the company's operational activities and strengthen its financial position in line with its strategic plans for growth and expansion.

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