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SPPC to reschedule SAR200 million financing with Alinma Bank

2018-12-06 16:18:06 GMT (Economies.com)
SPPC to reschedule SAR200 million financing with Alinma Bank
 

Saudi Printing and Packaging Co. (SPPC) announced it signed an agreement with Alinma Bank to reschedule SAR 200 million, out of a Sharia-compliant credit facility worth SAR 480 million.

The facility repayment will be carried out over a seven-year period from December 6, 2018 till 6 December, 2025. The repayment will be in semi-annual installments.

SPPC earlier posted SAR 11.8 million net loss for the third quarter of 2018, compared with SAR 4.6 million net loss in prior-year period.

It also incurred SAR 33.6 million net loss for the first nine months of 2018, compared with SAR 33.2 million net loss in the same period of 2017.

 
 
  Symbol Last Change Chg.%
1.1364
-0.0001
0.0106%
1.2869
-0.0008
0.0594%
15.227
-0.113
0.733%
53.763
-0.075
0.139%
62.55
-0.16
0.26%
1278.010
-3.350
0.261%
 
 
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