Publisher: Maaal International Media Company
License: 465734
Tuesday, 29 April 2025
Advanced obtained SAR 2.2 billion Credit Facility from Alawwal bank
Advanced Petrochemical Company announced obtaining a sharia-compliant Islamic credit facility with competitive prices in the amount of SAR 2.2 billion from Alawwal Bank to pay back the existing credit facilities and financing general corporate purposes.
According to the statement published on Tadawul, the financial duration lasts five years in return for promissory notes guarantees
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