GASCO secures SAR 203m loan from SIDF

01/10/2012 Tadawul

"The Saudi Industrial Development Fund SIDF approved SAR 203m credit to GASCO repayable on 14 semiannual installments after a grace period of 2 years" said a statement on Tadawul today.

The proceeds to be used to finance 50% of the following:

  • The purchase of tankers.
  • Upgrading the production stations.
  • Upgrading handling of gas areas.

Establishing underground gas tanks.

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