Yamama Cement Co. — Capital/Financing Update 2021

Mar 28, 2021

Yamama Cement Company announces the signing of a bank financing agreement

3020 · 28/03/2021 09:28:49 · Announcement #62446 · View on Saudi Exchange

Yamama Cement Company announces the signing of a bank financing agreement

Element List	Explanation
Date of obtaining the funding	2021-03-25 Corresponding to 1442-08-12
Financing entity	Al-Rajhi Bank
Financing amount.	The total value of the facilities 863 million riyals (Compliant with Islamic Sharia) is:

- Long-term financing of (563million riyals).

- Short-term financing of (300 million riyals). Financing duration. - Long-term financing over a 5-years.

- Short-term financing 300 million riyals for the period of one year (revolving loan on demand). Guarantees offered for the financing Promissory note. Financing objective The goal behind the agreement:

- For long term Loan:

• For the purpose of settling other banks ’obligations and improving financial efficiency.

- For short-term Loan:

• To finance working capital. Related Parties There is a member of the Board of Directors of Yamama Cement Company, Engineer. Faisal bin Sulaiman Al-Rajhi, a brother of the Chairman of the Board of Directors of Al Rajhi Bank, Mr. Abdullah bin Sulaiman Al-Rajhi. The company confirms that the agreement was done in the ordinary course of business and no preferential benefits were granted.

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