GASCO receives SAR 85 mln of SIDF’s loan

The National Gas and Industrialization Co. (GASCO) received SAR 85.3 million out of the loan arranged by the Saudi Industrial Development Fund (SIDF), the company said in a bourse statement.

The first payment represents 50% of the total loan value, after deducting consultancy and feasibility study costs of SAR 16.2 million.

In September 2018, GASCO signed a six-year credit agreement worth SAR 203 million with SIDF, Argaam reported.