MEPCO renews, amends bank facility agreement with SAMBA
02/09/2019
Argaam
Middle East Paper Company (MEPCO) on Monday renewed and amended a Shariah-compliant bank facility agreement with Samba Financial Group.
The agreement was amended by increasing the facility value from SAR 50 million to SAR 100 million.
The revolving credit facility agreement is renewable every year on June 30, 2020, the company said in a bourse statement.
The amount is intended to finance the company’s working capital and to meet other business requirements.
No related parties are involved on these agreements, the statements added.
Market Indices
TASI
10,542.23
(47.72)
(0.45 %)
Quotes
SAMBA
38.50
1.70
4.62%
MEPCO
16.55
(0.15)
(0.90%)
About Us
Join Us
Argaam Tools is an advanced tool that provides investors, analysts, research houses, and corporate executives with easy access to a single source for in-depth data on macroeconomy, capital market, sectors, and companies insights.
Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}