Yamama Cement announces early repayment of SAR 130 mln debt installments to SIDF

15/12/2021 Argaam

Yamama Cement headquarters

Yamama Cement Co. announced the early repayment of SAR 130 million worth of two loan installments to Saudi Industrial Development Fund (SIDF), according to a bourse filing.  

 

Accordingly, the company has an outstanding debt balance of SAR 1.178 billion. The relevant impact will appear on the cement producer's financial statements ending on Dec. 31, 2021. 

 

The repayment of the two installments, which were due in 2022, was financed from the company’s available cash. The move came in line with the company’s strategy aimed at boosting its financial efficiency.

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