City Cement inks SAR 100 mln ​credit deal with Riyad Bank

31/12/2014 Argaam

City Cement Company announced that it signed a memorandum of understanding to acquire credit facilities worth SAR 100 million ​from Riyad Bank.


The agreement is valid for one year from the signing date and is renewed annually as of Dec 30, 2014, the company said in a statement to Tadawul, Saudi’s bourse.

The funds will go towards supporting the company’s working capital requirements and financing its projects and future investments.

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