NGDC secures SAR 22.1M credit facility from Riyad Bank

01/12/2024 Argaam
Logo ofNatural Gas Distribution Co. (NGDC)

Logo of Natural Gas Distribution Co. (NGDC)

Natural Gas Distribution Co. (NGDC) secured today, Dec. 1, a SAR 22.1 million medium-term loan from Riyad Bank, according to a statement on Tadawul.

 

The funding will support the expansion of its natural gas network in Riyadh’s Second Industrial City.

 

For more news on listed companies

 

The five-year facility is backed by a promissory note as collateral.

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