Logo of Methanol Chemicals Co.

Methanol Chemicals Co. (Chemanol) announced today, March 23, 2021, receiving the Saudi Industrial Development Fund’s (SIDF) approval to reschedule the outstanding loan balance of SAR 245 million from the total loan of SAR 703.18 million.

 

According to the company’s statement on Tadawul, the agreement includes extending the repayment period for an additional year to end in 2022 instead of 2021.

 

Chemanol sought the rescheduling of the loan to support its financial position, the statement noted.

 

There have been no changes in the previous guarantees of the promissory note and the extension of the current mortgage on fixed assets.

 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request