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.

Weak first quarter for US cement
Total shipments of Portland and blended cement, including imports, in the US and Puerto Rico amo...