Saudi Methanol Co. refinances debt value USD169.8m

30 Aug 2016

(MENAFN) Saudi Arabia Methanol Chemicals Co. refinanced whole Shariah compliant debt worth USD169.8mn.

Moreover, refinancing involves SR327.7mn surplus from a SR832mn Islamic loan signed in 2011, as well as SR309mn mutual facility.

Additionally, the refinancing will help the firm recent financial position as well as future strategic objectives.

Meanwhile, banks offering the cash are Saudi British Bank, Samba Financial Group, Riyad Bank and Gulf International Bank.

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