Riyadh-Mubasher: Sahara Petrochemical Co. signed on Sunday a revolving loan agreement worth SAR 300 million with Riyad Bank, the company said in a bourse statement.
The financing period extends from 24 January 2016 until 24 January 2019.
The loan, secured against order notes, will be used to finance the company's working capital.
The deal mirrors Sahara's financial solvency and its strategic relation with Riyad Bank.
