Najran Cement Co. — Capital/Financing Update 2019

Jul 1, 2019

Najran Cement Company announces pre-settlement of one loan installment

3002 · 01/07/2019 08:57:12 · Announcement #55456 · View on Saudi Exchange

Najran Cement Company announces pre-settlement of one loan installment

Element List

Explanation

Announcement Detail

Najran Cement Company announces that it made a request to Banque Saudi Fransi to pre-settle one loan installment which falls due on 30th September 2019 amounting to SR 15 Million which is part of the specific facility provided to finance the Waste Heat Recovery (WHR) project, thus reducing the outstanding balance to SR 105 Million. The request was approved by Banque Saudi Fransi and pre-settlement was made on 30th June 2019 using Company's own resources.

It is worth mentioning that this transaction comes in accordance with Board of Directors’ decision and in line with the strategy aimed at improving financial efficiency of the Company.

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.