ADVANCED announces obtaining credit facility with competitive prices of SAR 1.6 billion

Advanced Petrochemical Company announced obtaining a sharia-compliant Islamic credit facility with competitive prices in the amount of SAR 1.6 billion from the Saudi National Bank to finance general corporate purposes.

The company explained in a statement on Tadawul that the financing period is 5 years, and the guarantees provided are promissory notes.

Noting that the new credit facility agreement has better commercial terms and competitive prices.