Amiantit Completes Rescheduling All Banking Facilities Provided By All Banks

Saudi Arabian Amiantit Company announced on Tuesday the completion of rescheduling all banking facilities provided by all banks.

It said that this announcement is in reference to what was announced by the Saudi Arabian Amiantit Company on the Tadawul website, as per the following details:

1- On 10-01-2021 related to the full settlement of loans with some banks.

2- On 30-06-2021 related to the rescheduling of Islamic banking facilities provided by Bank Albilad.

3- On 04-10-2021 related to the rescheduling of banking facilities provided by the National Bank of Saudi Arabia.

4- On the date of 31-10-2021 related to the rescheduling of Islamic banking facilities provided by Alinma Bank

Saudi Arabian Amiantit Company said it “is pleased to announce to the valued shareholders, after these announcements, the restructuring of all bank obligations on the company has been completed, including the total repayment of some banks and the rescheduling of the remaining bank loans, amounting to approximately SR1.1 billion Saudi riyals, over a period of 10 years, including a grace period of two years.”