Saudi Kayan signs SR3 bln revolving credit facility agreement with Saudi National Bank

Saudi Kayan Petrochemical Company announced on Tuesday that an Islamic Sharia-compliant Murabaha revolving Credit facility agreement has been signed with a value of SR3 billion with Saudi National Bank. In order to support and enhance working capital and financial efficiency, the financing period is 5 years.
Regarding the guarantees provided in return for financing, the company said that they are represented in a promissory note, indicating that any fundamental developments in this regard will be announced later.