Advanced unit obtains SIDF approval on SAR 3 bln project financing loan

Advanced unit obtains SIDF approval on SAR 3 bln project financing loan
WESPECH PTE LTD
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16.12.2020

MOSCOW (MRC) -- Advanced Petrochemical Co. said its 85%-owned subsidiary, Advanced Polyolefins Co. (APOC), obtained a conditional approval to secure SAR 3 billion loan from Saudi Industrial Development Fund (SIDF), according to a bourse statement, said Argaam.The loan, which can be disbursed until June 2025, is repayable in 16 semi-annual installments, starting July 2026, over a period of

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