The Saudi Paper Manufacturing Company announces obtaining a first installment of the loan granted by the Saudi Industrial Development Fund

Element List	Explanation
Introduction	The Saudi Paper Manufacturing Company announces that it has received a first installment of the loan granted by the Saudi Industrial Development Fund in the amount of: 47,523,825.39 Saudi riyals, out of the financing value: 104,900,000 Saudi riyals, to finance the fifth production line project
Date of obtaining the funding	2024-12-05 Corresponding to 1446-06-04
Financing entity	The Saudi Industrial Development Fund (SIDF)
Financing amount.	104,900,000 SR
Financing duration.	8 years with a grace period of two and a half years
Guarantees offered for the financing	1- Promissory notes for the full financing value

2- A mortgage bond for all the company’s assets Financing objective Using the full amount to repay long-term loans, which reflects the company’s commitment to achieving financial sustainability, strengthening the financial position and reducing financing expenses Related Parties Nothing

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