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

      Published on Friday, 2 October , 2020      738 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.

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