Saudi Cable Co. said it has completed all terms related to a debt restructuring agreement it had signed with local banks.

 

Last February, the cable manufacturer signed a debt restructuring agreement with Al Rajhi Bank, National Commercial Bank (NCB), Bank Aljazira, and BNP Paribas to repay its SAR 798 million debt over seven years. The final payment is due December 2022.

 

“With this, the company will now have access to all restricted funds at the banks, the impact of which, will be seen from third quarter 2016 financial statements,” the company said in a bourse statement.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Saudi Cable Company restructures SAR 798 mln debt

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request