Saudi Kayan headquarters
Saudi Kayan Petrochemical Co. signed an Islamic Murabaha facility agreement with Saudi National Bank (SNB) worth SAR 3 billion.
The company said today, Nov. 8, in a statement to Tadawul, that the financing was obtained on Nov. 3, for a period of five years.
Facility Agreement in Details |
|
Lender |
SNB |
Value |
SAR 3 bln |
Financing Term |
Five years |
Offered Guarantees |
Promissory note |
Goal |
To support and enhance working capital and financial efficiency |
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