Al Jouf Cement reschedules SIDF loan

09/09/2024 Argaam
Logo of Al Jouf Cement Co.

Logo of Al Jouf Cement Co.

Al Jouf Cement Co. obtained the approval of the Saudi Industrial Development Fund (SIDF) to reschedule the outstanding loan balance to SAR 54.7 million out of the original loan of SAR 483.5 million, according to a Tadawul statement.

 

The loan rescheduling is aimed at supporting the company’s financial position.

 

For more news on listed companies

 

The rescheduling includes extending the repayment period to June 30, 2025.

 

There has been no change to the previous guarantees, namely the company's mortgage assets.

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