Saudi Petro Rabigh pens revolving loans, facility agreements worth $2bln

      Published on Friday, 2 October , 2020      1008 Views     
Saudi Petro Rabigh pens revolving loans, facility agreements worth $2bln

  • Business

Rabigh Refining and Petrochemical Company (Petro Rabigh) has signed three joint revolving loans and facility agreements valued at SAR 7.5 billion for general corporate and working capital purposes.

A loan worth SAR 1.875 billion and a shareholder revolving loan agreement totalling SAR 2.812.5 billion were signed with Saudi Aramco, according to a bourse disclosure on Thursday.

Moreover, a shareholder revolving loan agreement with Sumitomo Chemical valued at SAR 2.812.5 billion was inked with Sumika Finance Co.

Each of the three loans matures 36 months after December 2020.

Category Business | 2020/10/02 latest update at 10:10 PM
Source : Zawya | Photocredit : Google
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