Saudi Cable Company announces signing an agreement for restructuring the Debits of the Saudi Industrial Development Fund
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| Announcement details |
Saudi Cable Company announces signing an agreement for restructuring Debits of the Saudi Industrial Development Fund, this Tuesday as of 14/01/2020, an amount of 107,290,000 Saudi Riyals. His Excellency the Chairman of SCC Board, Mr. Meyassar Anwar Nowailati, has confirmed that restructuring the loan of the Saudi Industrial Development Fund aims to support the financial position of the Company appropriate to its cash flows, whereas as a grace period of three years has been obtained in line with the future cash flows. The Chairman has thanked the Fund’s Management for the support it provides to the industrial sector; serving the interest of the Company in order to enhance its financial position. |
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