Al Jouf Cement signs credit facility with Al Rajhi Bank

29/09/2013 Argaam

Al Jouf Cement Company announced that it signed a credit facility agreement with Al Rajhi bank as follows:

1-The finance agreement was signed on 1/9/2013

2-The loan amount is SAR 400,000,000.

3-The loan tenure is from 5/9/2013 to 8/6/2019.

4-The company plans to use the facility to partly finance the cost of the

    establishment of the new production line.

5-The loan is collateralized by a promissory note.

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