12/10/2017 16:23 AST

Saudi-based Umm Al-Qura Cement Company has signed a key Islamic financing agreement with Riyad Bank to secure a SR50 million ($13.3 million) loan.

The loan will be used for funding an increase in working capital as well as the capital purchases, the company said in a filing to the Saudi bourse Tadawul.

A major player in Saudi Arabia, Umm Al-Qura Cement Company manufactures and sells Portland and white cement products in the country. It also offers buzlana cement, resistant cement, and clinker, as well as provides cement finishing services.

It has a factory near Taif city with a production capacity of 1.98 million tons per year of clinker.


Trade Arabia

UMM AL-QURA CEMENT COMPANY ANNOUNCES OBTAINING A ISLAMIC FINANCING

23/07/2014

Umm Al-Qura Cement Company announces the signing of Islamic financing agreement with The Saudi British Bank ( SABB ) as following:

1.loan was signed on 22-07-2014

2.Loan amount of

Tadawul

Umm Al-Qura Cement Company will commence on Thursday 12/6/2014

11/06/2014

The Capital Market Authority announces that the listing and trading of Umm Al-Qura Cement Company will commence on Thursday 12/6/2014 within Cement sector with the symbol 3005, with a fluctuation lim

Tadawul

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08/06/2014

The Saudi Stock Exchange (Tadawul) announces that the IPO shares of Umm Al-Qura Cement have been deposited into applicable investor’s portfolios on Sunday 8/6/2014 (10/8/1435).

Tadawul

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