GACO pays the last defaulted installment to SIDF

30/09/2012 Argaam

Qassim Agriculture company (GACO) announced today on tadawul the payment of the last defaulted installment amounted to SAR 992,450 to Saudi Industrial Development Fund (SIDF).

This amount represents the last installment of the SAR 17.3m loan secured from SIDF in 1997 to finance the construction of a dairy factory.

The company, with this payment, has paid off all credit installments due and those previously defaulted. Hence, all assets previously pledged against those credits will unrestrictedly revert to the company’s possession.

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