Tasnee announces the signing of a debt refinancing agreement for SEPC

31/12/2013 Argaam

The National Industrialization co. (Tasnee) announced today on Tadawul that the Saudi Ethylene and polyethylene company (an affiliated co. 45.5% owned by Tasnee) signed a SAR 4.8bn debt refinancing agreement with eight local banks and one regional bank.

 

The sharia compliant murabaha agreement allows the company to extend the loans repayment period till 2021 instead of 2018.

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