Riyadh – Mubasher: Hail Cement Company’s (HCC) Board of Directors approved by circulation on 15 December 2020 the full settlement of the balance remaining of the Saudi Industrial Development Fund’s (SIDF) loan amounting to SAR 152 million.
The original amount of the loan was SAR 300 million, of which a sum of SAR 148 million has been paid so far, according to a bourse filing on Wednesday.
The impact of the said transaction will reflect on the cement company’s financial statements for fiscal year (FY) 2020.
