“Najran Cement” obtains financing of 49 million riyals from the National Bank

Last Thursday, Najran Cement Company obtained medium-term bank financing for the project to connect to the electrical grid.

The company said: The financing is from the National Bank of Saudi Arabia, and is compatible with Islamic Sharia.

It added that the value of the financing is 49 million riyals, to be paid over two years in annual installments, with a grace period of 6 months.

It explained that the guarantees provided in exchange for the financing: a promissory note for the full value of the financing provided by The company.

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