Yanbu Cement gets US$80m loan, Saudi Arabia

Yanbu Cement gets US$80m loan, Saudi Arabia
Published: 06 January 2010

Yanbu Cement Co, a Saudi cement maker, has got a US$80m loan from the Saudi Industrial Development Fund to finance an expansion project.

The loan will cover 14 per cent of the US$581.3m project, the Jeddah-based company said in a statement on the Saudi bourse website today.

The remaining cost of the project will be funded by the company and bank loans.