Saudi Kayan signs SAR 3 bln credit facilities agreement with SNB

08/11/2022 Argaam
Saudi Kayan headquarters

Saudi Kayan headquarters

Saudi Kayan Petrochemical Co. signed an Islamic Murabaha facility agreement with Saudi National Bank (SNB) worth SAR 3 billion.

 

The company said today, Nov. 8, in a statement to Tadawul, that the financing was obtained on Nov. 3, for a period of five years.

 

Facility Agreement in Details

Lender

SNB

Value

SAR 3 bln

Financing Term

Five years

Offered Guarantees

Promissory note

Goal

To support and enhance working capital and financial efficiency

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.