SAHARA COMPANY ANNOUNCES THE SIGNING OF A CREDIT FACILITY AGREEMENT WITH RIYAD BANK

26/09/2012 Argaam

Sahara Petrochemicals Company announces that it has completed today Wednesday 10/11/1433 H. corresponding to 26/09/2012 G the signing of a three-year standby medium-term revolving credit facilities agreement with Riyad Bank in an amount of SAR 500 million.

The purpose of the facility is to provide standby support for the companys financial requirements with respect to working capital and the needs of the companys projects and future investments.

This important relationship agreement with a leading Saudi bank further supports Saharas general financial strength and reflects the distinguished role of Riyad Bank in supporting the petrochemicals industry. 

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