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- Southern Province, Yanbu Cement extend key merger talks
- Burgan Bank appoints Al-Roomi as Deputy General Manager
- NBK 'first bank to launch automated safe deposit boxes' for customers
- Zain Omantel International takes home four major industry awards
- Income Tax key step for revenue diversification: Economy Minister
- Qatar Stock Exchange index soars to new heights amid regional tensions
- Dollar falls against other currencies
- UAE FinTech market likely to grow from $3.16 billion in 2024 to $5.71 billion by 2029
- Al Mal Capital REIT announces follow-on public offering
- Saudi Arabia's Non-Oil Industrial Sector Grows 5.3% in 2024
30/08/2016 05:04 AST
Saudi Arabia's Methanol Chemicals Co. (Chemanol) has refinanced total Shariah-compliant debt worth SR636.7 million ($169.8 million), according to a bourse statement.
Refinancing includes SR327.7 million balance from a SR832 million Islamic loan signed in 2011, as well as a SR309 million bilateral facility.
The refinancing will support the company's current financial position as well as future strategic objectives, according to CEO Saud bin Abdullah Al-Sanea.
Banks providing the cash are Saudi British Bank, Samba Financial Group, Riyad Bank and Gulf International Bank.
New murabaha has a higher profit rate than existing debts. Repayments to be made in 10 semi-annual instalments starting June 28, 2018, concluding on Dec. 31, 2022.
Arab News
29/12/2015
With reference to the Ministerial Resolution dated Monday 17 Rabi Al-Awwal 1437 corresponding to December 28, 2015 regarding the increment of the Gas Price that increased from 0.75 $/MMBTU to from 1.
Tadawul
13/07/2014
Chemanol announces that on Friday 14/09/1435 H. corresponding to 11/07/2014 afternoon a limited fire has broken out at its Paraformaldehyde Unit located in Jubail Industrial City. The fire has been c
Tadawul
23/04/2014
Further to the announcement published on Tadawul's website on 20-04-2014 related to the beginning of the non-scheduled shutdown of its Methanol plant Methanol Chemicals Company announces addendum to
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 50.60 | 2.05 (4.22 |
| SABIC | 54.80 | -0.10 (-0.19 |
| SABICAGRINUTRIENTS | 104.20 | -5.00 (-4.58 |
| LIMEINDUSTRIES | 12.56 | -0.44 (-3.39 |
| APICO | 39.80 | -0.05 (-0.13 |
25/06/2025
Southern Province Cement Company has announced that it has entered into a non-binding agreement with a leading Saudi cement group Yanbu to explore a potential merger.
The duo had an year ag
Trade Arabia
25/06/2025
Burgan Bank announced the appointment of Mohammed Al-Roomi as Deputy General Manager of Information and Cyber Security Management. This strategic appointment reflects the Bank's unwavering dedication
Kuwait Times
25/06/2025
In line with its commitment to enriching its customers' banking experience and providing the best innovative digital services that meet their needs, the National Bank of Kuwait announced the launch o
Kuwait Times
25/06/2025
Zain Omantel International (ZOI), the joint venture between Zain Group and Omantel, has earned four prestigious international awards - underscoring its position as a connectivity powerhouse in the re
Kuwait Times
25/06/2025
Al Mal Capital REIT, the first REIT listed on the Dubai Financial Market (DFM), on Tuesday announced a follow-on public offering (FPO) on its closed ended Real Estate Investment Trust (REIT).
Khaleej Times
Financial Information Co.
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