Middle East Paper Co. (MEPCO) has renewed its SAR 200 million Sharia-compliant facility agreement with Bank Albilad, the company said in a bourse filing on Thursday.
The revolving facility is renewable on July 11 every year, and is secured by a promissory note equivalent to the facility value in favor of the bank.
The facility will go for financing the working capital and fulfilling other business requirements.
No related parties are involved in the agreement, the statement added.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}