Saudi Kayan makes partial prepayment of SAR 1.87 bln senior loans, remaining debt stands at SAR 13 bln

30/12/2021 Argaam

Saudi Kayan headquarters

Saudi Kayan Petrochemical Co. announced partial prepayment of SAR 1.875 billion senior loans, to reduce financial cost and utilize the available cash in line with the company's strategic goals.

 

Accordingly, the total remaining loans stood at SAR 13 billion as of Dec. 31, 2021, Saudi Kayan said in a statement to Tadawul.

 

The prepayment will cut finance costs by almost SAR 60 million, the statement added.

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