‎“Southern Cement” signs financing agreement with the SNB, at ‎a value of SR1.4 bln

Southern Province Cement Company announced the signing of a long-term bank financing agreement compatible with the provisions of Islamic law with the National Bank of Saudi Arabia, at a value of 1.4 billion riyals, as the financing period is 10 years, including a two-year grace period.

The project to establish a production line with a capacity of 5,000 tons / day will be financed with the infrastructure for another line with the same capacity at the Jazan Cement Factory.