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FINANCIAL NEWS
Jordan’s Arab Bank lends Qatrana Cement SAR530mn
21 Jul 2017
(MENAFN) Jordan-based Qatrana Cement, the subsidiary of the Saudi-based Arabian Cement Co. inked a deal with Arab Bank Jordan in order to get a diminishing loan of JOD100mn.
Furthermore, the loan will be repaid on eight years divided into 16 equal installments, as proclaimed Arabian Cement.
Additionally, the first installments due date will be after six months from the signing date on 16 Jan in the coming year.
However, both firms have not offered any guarantees to get the loan, with the exception of the underwritings confirmed by the commercial banks.
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MENAFN2107201700450000ID1095642651
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