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- China's Sinopec Signs Joint Venture Agreement with Saudi Aramco Worth $4 Billion
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- Gulf Bank issues its fifth Annual Sustainability Report for 2024
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18/04/2017 09:40 AST
Further to the announcement by the company on 23/02/2016 regarding the restructuring agreement signed with four of its main lenders, the company would like to further announce that it has reached a debt reduction agreement with one of those lenders to whom a loan of SR141.9 million is currently outstanding. Under this agreement, the company will make an immediate payment of SR 51 million including SR 11 million as a refundable Guarantee against an outstanding loan and an issued letter of guarantee. In return, the lender will immediately forgive an amount of SR77 million from the current outstanding loan. The remaining loan amount of SR24.9 million will also be forgiven upon the company providing additional cash collateral anticipated to be made before June 2019. The company expects to realize the impact of SR77 million debt reduction in Q2 2017, and the impact of the remaining SR24.9 million debt reduction in Q1 2018.
Tadawul
02/05/2017
With reference to the previous announcement of the Saudi Cable Company dated 22/07/1438 H (corresponding to 19 April 2017) on the official website of the Saudi Arabian Stock Exchange (Tadawul) regard
Tadawul
20/04/2017
The Saudi Cable Company announces that it has appointed NCB Capital Company as the financial advisor to manage the process of the capital reduction of the Company, on 21/07/1438H (corresponding to 18
Tadawul
17/04/2017
Saudi Cable Company announces that the Board of Directors is about to reduce the Company's Capital in order to adjust the Company's conditions in accordance with the provisions and regulations issued
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| RIYADHCABLES | 129.40 | -0.80 (-0.62 |
| ASTRAINDUSTRIAL | 153.00 | -0.80 (-0.53 |
| OBEIKANGLASS | 30.70 | -0.30 (-0.97 |
| RAOOM | 77.70 | -0.30 (-0.39 |
| BAWAN | 56.00 | 0.90 (1.63 |
29/04/2025
China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture company aimed at operating ports, transporting crude oil, and providing ot
Asharq Al Awsat
29/04/2025
Gulf Bank has officially released its Fifth Annual Sustainability Report for the year 2024, titled "From Vision to Execution", highlighting the Bank's advancements in sustainability in line with Kuwa
Kuwait Times
29/04/2025
In an interview with CNBC International, Shaikha Al-Bahar, Deputy Group Chief Executive Officer of National Bank of Kuwait (NBK) affirmed the Group's commitment to maintaining excellence and fosterin
Kuwait Times
29/04/2025
Borouge today announced a series of strategic asset expansion projects to accelerate its growth, contributing annually between $165 million and $200 million (AED600 million - AED730 million) in EBITD
Trade Arabia
29/04/2025
Saudi developer Emaar, The Economic City has signed final agreements with four local banks to reschedule SR3.39 billion ($904 million) in existing debt and secure a new credit facility.
In a
Arab News
Financial Information Co.
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