Logo ofSaudi Printing Packaging Co. (SPCC)
Saudi Printing and Packaging Co. (SPPC) signed on Aug. 13 a financing agreement with one of its major shareholders, Saudi Research and Media Group (SRMG) at a total value of SAR 75 million, according to a statement to Tadawul.
The financing, which will mature on Dec. 31, 2028, will be used to finance the working capital requirements.
It will be repaid as a lumpsum at maturity, with the option to settle the amount through conversion into shares, subject to the agreed terms and conditions, the statement added.
Logo ofSaudi Printing Packaging Co. (SPCC)
Saudi Printing and Packaging Co. (SPPC) signed on Aug. 13 a financing agreement with one of its major shareholders, Saudi Research and Media Group (SRMG) at a total value of SAR 75 million, according to a statement to Tadawul.
The financing, which will mature on Dec. 31, 2028, will be used to finance the working capital requirements.
It will be repaid as a lumpsum at maturity, with the option to settle the amount through conversion into shares, subject to the agreed terms and conditions, the statement added.
