NGDC secures SAR 14.3M financing from SIDF

09:42 AM (Mecca time) Argaam- Nomu
Logo ofNatural Gas Distribution Co. (NGDC)

Logo of Natural Gas Distribution Co. (NGDC)

Natural Gas Distribution Co. (NGDC), listed on the Nomu-Parallel Market, obtained a SAR 14.3 million loan from the Saudi Industrial Development Fund (SIDF) on Nov. 10.

 

In a statement to Tadawul, the company said the financing will be used to support its expansion by extending the natural gas network at Riyadh 2nd Industrial City.

 

NGDC noted that the loan has a seven-year term and is secured by a promissory note and a mortgage on company assets.

 

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.