Arabian Cement Company (ACC) said it signed Wednesday an agreement with Saudi British Bank for a SAR400m (US$106.6m) Islamic financing.
The loan is to be repaid over a period of five years, including a one-year grace period.
The cement firm said it will use the loan to finance part of the first phase of an expansion project to enhance grinding capacity.
Siam City Cement plans Hon Chong expansion
Siam City Cement PLC (SCCC) is considering an expansion of its Hon Chong cement plant in Vie...