Hail Cement signs loan agreement with development fund

04/11/2012 Argaam

Hail Cement Company announced that it has signed a Loan Agreement with Saudi Industrial Development Fund (SIDF) on 12 December 2012. The loan amount is SR300 million repayable in 20 half yearly unequal installments as schedule and approved against mortgage of all fixed assets. Period of the loan is 12 years and the payment will start in 2014.

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