Riyadh – Mubasher: Sahara Petrochemicals on Sunday announced signing an agreement for an SAR 450 million ($120 million) loan with Alrajhi Bank.
The one-year facility, which extends from 7 June 2018 until 7 June 2019, will be used to finance Sahara’s working capital, the company said in a filing to the Saudi Stock Exchange (Tadawul).
Receiving this facility confirms our strong financial solvency as well as Sahara’s strategic relationship with Alrajhi Bank, the petrochemical maker added.
