‎Avalon Pharma secures SAR 30M loan from SIDF

Middle East Pharmaceutical Industries Co. (Avalon Pharma)signed on Feb. 25 a long-term financing loan agreement with the Saudi Industrial Development Fund (SIDF) for SAR 30 million.

In a statement to Tadawul, the company said that the financing period is seven Hijri years, noting that the loan will be repaid in 12 equal semi-annual installments according to the repayment schedule agreed upon with the fund.

Middle East Pharmaceutical Industries Co. (Avalon Pharma)signed on Feb. 25 a long-term financing loan agreement with the Saudi Industrial Development Fund (SIDF) for SAR 30 million.

In a statement to Tadawul, the company said that the financing period is seven Hijri years, noting that the loan will be repaid in 12 equal semi-annual installments according to the repayment schedule agreed upon with the fund.