Riyadh – Rabigh Refining and Petrochemical Company (Petro Rabigh) has signed three joint revolving loans and facility agreements valued at SAR 7.5 billion for general corporate and working capital purposes.
A loan worth SAR 1.875 billion and a shareholder revolving loan agreement totalling SAR 2.812.5 billion were signed with Saudi Aramco, according to a bourse disclosure on Thursday.
Moreover, a shareholder revolving loan agreement with Sumitomo Chemical valued at SAR 2.812.5 billion was inked with Sumika Finance Co.
Each of the three loans matures 36 months after December 2020.
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© Mubasher 2020