Saudi Cable signs agreement to reschedule SAR 180.8 mln debt

09/08/2020 Argaam

Saudi Cable Co. signed today a debt rescheduling agreement worth SAR 180.8 million with a non-commercial creditor, consisting of financing the supply of copper provided by Noble Resources International PTE LTD.

 

The agreement was signed as due liabilities were not paid, the company said in a bourse statement, indicating that the facility period pre-scheduling and post-scheduling is 27 months.

 

The refinancing is not covered by any guarantee and no related parties are involved in the deal, the statement added.

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