Company NewsNewsPaperSaudi Arabia (KSA)

MEPCO Renews SAR 225.9 mln Bank Facilities with Riyad Bank

Middle East Paper Co. (MEPCO) renewed its Shariah-compliant bank facility agreement with Riyad Bank, at a total value of SAR 225.9 million, the company said in a bourse filing.

The agreement includes five-year medium-term facilities at SAR 134.6 million, and SAR 91.3 million worth of short-term revolving facility.

The revolving facility is renewable in April every year and is secured by a promissory note equivalent to the facility value in favor of the bank.

The amount is intended to finance the company’s working capital and spare parts of the plant’s machinery and equipment.

Show More

Related Articles

93 Comments

  1. Pingback: slot casino online
  2. Pingback: keto trim reviews
  3. Pingback: keto brownie
  4. Pingback: essay definition
  5. Pingback: essay writing help
  6. Pingback: sat essay examples
  7. Pingback: essay examples
  8. Pingback: essay word changer
  9. Pingback: 1stratum
  10. Pingback: games free slots
  11. Pingback: icy wilds slots
  12. Pingback: 2salubrious
  13. Pingback: online casino live

Leave a Reply

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker