Riyadh – Mubasher: Halwani Bros received the seventh and final payment worth SAR 19.52 million of the Saudi Industrial Development Fund’s (SIDF) loan, according to a bourse filing.
Accordingly, Halwani has received the total value of the loan amounting to SAR 165 million, including the administrative fees.
In March, Halwani received the sixth payment of SAR 30.04 million, which brought total receivables to 80.7% or SAR 133.14 million of the loan’s total value.
The Tadawul-listed company earlier signed an agreement with SIDF to raise an SAR 165.2 million loan, to finance its industrial complex in Jeddah Industrial City.
