The company said in a statement to the Saudi market (Tadawul) today, Wednesday, that the loan was supposed to be paid in 3 installments due on December 31, 2020, and March 31, 2021, June 30, 2021.
It was approved by the Saudi Fransi Bank and the repayment process was carried out using the company's own resources on June 30, 2020, and thus the company finished paying off the full amount of the loan. p>
It is worth noting that this process comes based on the decision of the company’s board of directors, which is in line with the (Najran Cement) strategy that aims to raise and improve the financial efficiency of the company. >
With this step, the company will have completed the last steps of arranging its financial position list, and therefore the company will have only one loan of 355 million riyals, which will be paid in easy installments during 5 years, which will strengthen the company's financial position and support its cash flow over the coming period.
