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Yamama Cement Co. — Capital/Financing Update 2021
Dec 15, 2021
53346_rns_2021-12-15_59c08e0d-9c18-4f77-b88e-c947f6268d2a.html
Capital/Financing Update
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Yamama Cement Company announces the early prepayment of its two loan installments of its existing Debt
3020 · 15/12/2021 15:26:13 · Announcement #65965 · View on Saudi Exchange
Yamama Cement Company announces the early prepayment of its two loan installments of its existing Debt
| Element List | Explanation |
|---|---|
| Announcement Detail | Yamama Cement Company announces for the early prepayment for two of its installments loans of its existing Debt in the total amount of 130 million riyals, from Saudi Industrial Development Fund (SIDF), The payment process was carried out using the company's own resources, therefore the total outstanding debt balance of the loans in Saudi Riyals Equals the amount of 1,178 million riyals. The prepayment is the pre-settled loan installments that is due in the year of 2022. |
It is worth mentioning that this transaction came according to the Board of Directors strategy aiming at improving the financial efficiency of the Company.
The financial impact will be reflected in the company financial statements ending on December 31, 2021.
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.