Najran Cement secured a SAR 50 million loan from SNB
Najran Cement Co. secured a SAR 50 million medium-term, Shariah-compliant loan from Saudi National Bank (SNB) to fund the expansion of its subsidiary’s core operations. 
The company said in a filing to Tadawul that the financing was on Jan. 15 and will be repaid over five years in semi-annual installments, with a six-month grace period.
A promissory note was provided as collateral for the full loan amount, and no related parties were involved, Najran Cement added.
Najran Cement secured a SAR 50 million loan from SNB
Najran Cement Co. secured a SAR 50 million medium-term, Shariah-compliant loan from Saudi National Bank (SNB) to fund the expansion of its subsidiary’s core operations.
The company said in a filing to Tadawul that the financing was on Jan. 15 and will be repaid over five years in semi-annual installments, with a six-month grace period.
A promissory note was provided as collateral for the full loan amount, and no related parties were involved, Najran Cement added.
