Advanced Petrochemical inks SAR 812.5 million refinance deal

20/04/2011 Argaam

Advanced Petrochemical Company signed today a Shariah-compliant loan agreement with Riyad Bank and Samba to refinance an earlier SAR 812.5 million loan, the company said in a filing on Tadawul.

The agreement reflects the company’s interest in Shariah-compliant loans with competitive cost and conditions, which can serve its growing financial position, said Chairman Khalifa Al-Mulhem.

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