Saudi Cable inks SAR 107 mln debt-restructuring deal with SIDF

14/01/2020 Argaam

 

Saudi Cable Co. signed a debt-restructuring agreement with the Saudi Industrial Development Fund (SIDF) at a total value of SAR 107.29 million, according to the company’s filing to Tadawul on Tuesday.

 

The debt-restructuring deal aims at supporting the company’s financial position, in line with its cash flow.

 

The cable manufacturer obtained a grace period of three years to pay its instalments, the statement added.

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