Saudi Cable Company announces the signature of a rescheduling agreement with its last commercial lender

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Date of Signing the Credit Facility Rescheduling2020-06-01 Corresponding to 1441-10-09
Reasons for reschedulingLoan overdue unsettled
Credit facility Amount and Rescheduled Amount264,176,483 SAR
Financing Duration, before and after ReschedulingFor SAR 58,300,000 : 2 years with 6 months grace,For SAR 205,876,483 : 4 years extendable to 5 years if 58,300,000/ are settled within 2 years
Guarantees Provided for the Rescheduled Credit Facilitysigned Promissory Note
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