SAHARA PETROCHEMICAL CO. ANNOUNCES OBTAINING A LONG TERM LOAN FOR HOUSING OWNERSHIP PROJECT

23/07/2013 Tadawul

Sahara Petrochemical Co. announces the signing of long term loan agreement with Saudi British Bank (SABB) as following:

1.loan was signed on 23-07-2013

2.Loan amount of SAR 500 Millions

3.Loan period duration from 23-07-2013 to 23-07-2026.

4.The purpose of the loan is to finance total cost of 280 units of the housing project for Sahara
Petrochemicals Company and its affiliates employees as per Human Resources policies, in Jubail Industrial City, the loan will be paid back from deductions from beneficiary employees by deducting housing allowance and specific percentage from basic salary, housing and development cost will be born by the Company and its affiliates.

5.Loan guarantee : Order Notes.

6.Further information: Loan period duration is 13 years with grace period of 3 Years

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