Riyadh – Mubasher: Middle East Paper Company (MEPCO) announced renewing a Sharia-compliant credit facility agreement valued at SAR 101 million with Riyad Bank.
The loan is a revolving facility renewable at the end of August of every year and is secured by a promissory note equivalent to the facility value in favour of the bank, according to a bourse filing on Sunday.
MEPCO will use the loan in financing its working capital and spare parts for factory machines.
