03
Aug
11:33
Saudi East Pipes obtains additional working capital
Saudi East Pipes Integrated Company has signed a one-year, Shari'ah-compliant bank facility agreement worth SAR 275 million ($73.3m) with the National Bank of Kuwait (NBK).
The funding is dated 2 August and will be used to finance the working capital of one of the company's projects, according to a bourse filing seen by Kallanish.
"There are no related parties involved in the agreement, and a promissory note secures the facility a…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous