Cement News tagged under: Narjan Cement
Najran Cement to buy 20-25 per cent stake in the building materials industry24 October 2023, Published under Cement NewsNajran Cement Co of Saudi Arabia announced the signing of a non-binding memorandum of understanding (MoU) with Ayan for Commerce & Industry (Ayan), according to which Najran Cement Co will study the feasibility of purchasing a minority stake in one of Ayan’s subsidiary companies that works in the building materials industry. According to the Saudi Stock Exchange, the data of signing the MoU was 18 October 2023. The MoU is valid until 31 December 2023 and can be extended with the approva... |
Najran Cement subsidiary secures SAR85m loan14 March 2023, Published under Cement NewsNajran Cement ’s transportation subsidiary obtained a long-term Shariah-compliant credit facility, at a value of SAR85m (US$22.7m), from Al Rajhi Bank. In a statement to Tadawul, the cement producer said that the facility will be repaid within six years in semi-annual installments, with a one year-grace period The facility aims to finance the subsidiary’s expansion in its basic business, the company said, adding that there are no related parties involved in the transaction. |
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