Gulf Oil and Gas accountACCOUNT

Sahara Obtains a Bridge Loan from Riyad Bank

Source: www.gulfoilandgas.com 10/15/2011, Location: Middle East

Sahara Petrochemicals Company declares that a bridge loan agreement was signed with RIYAD Bank with the value up to One thousand (1000) million SR, where this value will be used to finance the new projects that are currently under implementation, and future projects of the company. The company will repay this loan to Riyad Bank after completion of the company's capital increase/Rights Issue and from the future earnings of the Company with maximum period of 12 months.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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