Najran Cement secures SAR 50M loan from SNB for unit expansion

09:46 AM (Mecca time) Argaam
Najran Cement secured a SAR 50 million loan from SNB

Najran Cement secured a SAR 50 million loan from SNB

Najran Cement Co. secured a SAR 50 million medium-term, Shariah-compliant loan from Saudi National Bank (SNB) to fund the expansion of its subsidiary’s core operations.

 

The company said in a filing to Tadawul that the financing was on Jan. 15 and will be repaid over five years in semi-annual installments, with a six-month grace period.

 

A promissory note was provided as collateral for the full loan amount, and no related parties were involved, Najran Cement 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.