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Alujain Corp. — Capital/Financing Update 2012
Oct 9, 2012
53306_rns_2012-10-09_810ae956-9e56-4381-9d47-6cf6f5a3c635.html
Capital/Financing Update
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Alujains subsidiary NATPET signs US$ 20 million Revolving Credit Facility Agreement
2170 · 09/10/2012 09:46:51 · Announcement #27191 · View on Saudi Exchange
Alujains subsidiary NATPET signs US$ 20 million Revolving Credit Facility Agreement
Alujain Corporation announces that on 22 DhullQada 1433H corresponding to 8 October 2012 its subsidiary National Petrochemical Industrial Company (NATPET) signed a US$ 20 Million three (3) year Revolving Credit Facility Agreement with The Saudi Fund for Development under the Saudi Export Program. The purpose of this Facility is to support Natpet's worldwide exports.
NATPET has provided corporate guarantee against the Facility.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.