Nama uses SAR 461 million of its capital increase proceeds to cover deficiency in Hasad project

01/01/2012 Argaam

Nama Chemicals Co. has used SAR 461 million out of its capital increase proceeds to cover financial deficiency in its Hasad project, the company said in a statement to the Saudi bourse, Tadawul.

 

The Saudi Industrial Development Fund is studying a loan request by Nama, it added.

 

Nama, a joint stock company based in Jubail, east of Saudi Arabia, increased its capital in August 2008 to SAR 1.3 billion through offering SAR 780 million rights issue to finance  projects of its affiliates Soda and Jana to double their production of epoxy and sodium hydroxide pellets.

 

It was also planning to double Hasad’s output to 400,000 tons of chemicals.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.