The loan, worth a total SAR483.5m, was arranged last year. It is to be repaid through 14 installments over a period of eight years.
In July 2010, Al Jouf Cement offered 27.9 million new shares and 37.1 million existing shares at SAR 10 each, in an IPO aimed at raising SAR650m.
In 2009, the firm obtained a SAR220m Sharia-compliant loan from the National Commercial Bank (NCB) to mainly fund its working capital.
