The development company announced on Sunday for the latest developments on rescheduling Loans of the Saudi Industrial Development Fund.
"The company said in a statement to the Saudi market (Tadawul), today, after informing the Board of Directors of the company on the final offer submitted by the Fund and the recommendation of the company's executive, decided Management by scrolling, agreeing.
She noted that since the offer was received from the Saudi Industrial Development Fund on November 19, 2020, several meetings were held between the Fund and the company; In order to review some display items.
The company said in November, received a presentation from the Saudi Industrial Development Fund, to reschedule its troubled loans and that the executive management of the company will study the presentation, to consider its consensus With its future plans, their financial obligations.
