Middle East Paper Co. announced of signing bank facility agreement (Shariah-compliant) from Bank Al Jazira for medium-term loan and working capital facilities amounting to SAR 485 million. Medium-term facilities (MTL) amounting to SAR 350 million with a tenor of 5 years including one year grace period.

LC facilities amounting to SAR 100 million with a tenor of 360 days including sublimit of short-term loans up to 180 days. Treasury products amounting to SAR 35 million with a tenor of not exceeding 5 years.