National Gypsum secures SAR 35M financing from Riyad Bank

05/01/2025 Argaam
Logo ofNational Gypsum Co.

Logo of National Gypsum Co.

National Gypsum Co. secured today, Jan. 5, a Shariah-compliant financing agreement with Riyad Bank for SAR 35 million, the company said in a statement to Tadawul.

 

 

The agreement will last for 18 months from the date of financing, the statement added, noting that the amount is covered by a promissory note and property mortgage.

 

The facility will be used in financing the expansion of operations to develop production lines in the factories, the statement said, adding that there are no related parties to the deal.

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