Advanced Petrochemical pays SAR 375m as the final settlement of Murabaha credit

24/11/2014 Argaam

Advanced Petrochemical Company announced the settlement of the remaining amount of a Murabaha credit facility amounting to SAR 375 million on November 20, 2014.
 

The Company completed the settlement procedures on November 23, 2014 with the lenders through repaying the loan from its available cash, the Company said in a filing on Tadawul.
 

The Company obtained this credit of SAR 1125 million in May 2007 from some local and regional banks to finance its factories in Jubail.

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