Saudi Cable reschedules more than $48mln facility

The facilities’ term before and after scheduling is 27 months

  
A Saudi money exchanger wears a protective face mask and gloves as he counts Saudi riyal currency at a currency exchange shop in Riyadh, Saudi Arabia March 10, 2020.

A Saudi money exchanger wears a protective face mask and gloves as he counts Saudi riyal currency at a currency exchange shop in Riyadh, Saudi Arabia March 10, 2020.

REUTERS/Ahmed Yosri

Riyadh –  Saudi Cable Company (SCC) sealed on Sunday an agreement with a noncommercial creditor to reschedule a material supply facility offered by Noble Resources International.

The total value of the credit facility is SAR 180.78 million and the sum set for rescheduling totals SAR 180.78 million, according to a statement to the Saudi bourse.

The facilities’ term before and after scheduling is 27 months.

Source: Mubasher

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