Najran Cement secures SAR328.5m loan from Al Rajhi Bank
Saudi Arabia’s Najran Cement Co has obtained Sharia-compliant financing of SAR328.5m (US$87.6m) from Al Rajhi Bank. The loan will be repaid within seven years in semi-annual ins...
Financing
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Vicat Group signs EUR250m financing agreement
Vicat Group has signed a EUR250m financing agreement, which takes the form of a private placement with leading US investors, according to a press release. The financing agreemen...
CIMAF to expand capacity with IFC, Proparco and EAIF financing
CIMAF will receive financial support from IFC, Proparco and the Emerging Africa Infrastructure Fund (EAIF) to help its drive for capacity expansion to meet the growing demand fo...
Yamama Cement signs financing agreement
Saudi Arabia’s Yamama Cement Co has signed a financing agreement with Al Rajhi Bank for a value of SAR863m (US$229.81m), including a SAR563m long-term facility and SAR300m in sh...
Najran Cement signs financing agreement
Saudi Arabia’s Najran Cement has signed a financing agreement with Bank Al-Jazira. The credit agreement will see a total of SAR355M (US$94.67m) paid semi-annually over five year...
Raysut Cement and Bank Nizwa sign OMR19.5m financing agreement
Raysut Cement Co has signed a OMR19.5m (US$50.6m) agreement for Shari’a-compliant financing facilities with Oman-based Islamic lender Bank Nizwa. The facilities consist of long-...
Saudi Arabia: Yamama Cement secures US$266m for new plant
Saudi Arabia's Yamama Cement Company has secured SAR1bn (US$266.6m) to partially fund the building of a new plant, it said on Monday.
PPC
Last month saw PPC stock fall to a 13-year low following its downgrading by S&P Global Ratings, according to recent reports by Bloomberg. In response to the downgrade, the compa...
China’s ICBC and Anouar sign US$171m financing agreement
Morocco’s investment group Anouar Invest has signed a financing agreement with the Industrial and Commercial Bank of China (ICBC) in the amount of US$171m for the construction o...
Cemex enters new US$1.35bn credit agreement
Cemex SAB de CV announced it entered a new credit agreement for US$1.35bn with nine of the main lending banks from its Facilities Agreement of 17 September 2012. The new agreeme...