Saudi Eastern Province announces early repayment of loan

Saudi Eastern Province announces early repayment of loan
Published: 15 September 2011

Saudi cement producer Eastern Province Cement Company (EPC) said in a bourse filing that it paid last week the last SAR25m (US$6.7m) installment of a loan from the Saudi Industrial Development Fund (SIDF).

The loan, which was scheduled to mature on January 9, 2012, was extended in 2009 and was used by EPC to boost production capacity.