Umm Al-Qura Cement secures SAR 50 mln Islamic loan

12/10/2017 Argaam

Umm Al-Qura Cement Co. has signed a SAR 50 million Islamic financing agreement with Riyad Bank, the Saudi cement producer said in a statement to Tadawul.

 

The financing facility, which will extend to Aug. 2, 2018, will go towards funding the company’s working capital and capital expenditure.

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