Publisher: Maaal International Media Company
License: 465734
Wednesday, 9 July 2025
East Pipes signs facilities agreement with Banque Saudi Fransi by SAR 1.1 billion
East Pipes Integrated Company for Industry (East Pipes) announces the signing of a bank’s working capital facilities agreement for the company’s projects, (compliant with the provisions of Islamic Sharia) with Banque Saudi Fransi, at an amount of SAR 1.1 billion, with a duration of 459 days
The company stated that the guarantee offered for the financing is a promissory note by SAR 1.15 billion.
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