Engineer Marwan Nusair, President of Alujain, stated that the National Petrochemical Industrial Company (NATPET), where Alujain holds 37% equity, in addition to 20% in the form of a sub-debt, has signed a term sheet with and received a commitment letter from a consortium of local and international banks for the entire commercial financing need of its Propylene and Polypropylene complex in Yanbu Industrial City. The final loan agreement is expected to be finalized and signed shortly.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.