BCI subsidiary obtains a SAR 376 million SIDF loan

The Basic Chemical Industries Company announced that the Chemicals Marketing and Distribution Company Limited (a subsidiary) has obtained an industrial loan from the Saudi Industrial Development Fund (SIDF) helping to finance the company’s project in Jubail Industrial City at an amount of SAR 376 million.
The company aims at strengthening its financial position by repaying approximately 90% of the current commercial loan (that was obtained to help financing the company’s project in Jubail Industrial City) and replacing it with a Saudi Industrial Development Fund loan (SIDF) at a lower cost and with more flexible repayment terms, which contributes to strengthening Profitability and improved cash flows.
According to the statement published on Tadawul, the guarantees offered for the financing are a Mortgage on all fixed assets of the project, and a corporate guarantee covering 100% of SIDF loan from Basic Chemical Industries
The financing duration is 7 years, 3 months starts on October 8th, 2025.