Riyadh – Mubasher: Middle East Paper Company (MEPCO) has renewed a Sharia-compliant credit facility agreement worth SAR 93 million with Samba Financial Group to finance the company's working capital and spare parts for factory equipment and machines.
The revolving credit facility is renewed every year at the end of June, according to a stock exchange statement on Monday.
Moreover, the loan is secured by a promissory note of SAR 93 million in favour of Samba.
