Najran Cement Company announced that it has obtained a long-term Sharia-compliant bank financing from Al Rajhi Bank, with a value of SAR 278,500,000 to be repaid within seven years in semi-annual installments with a grace period of 6 months. Date of obtaining the funding is May 31, 2022. Financing duration: 7 years.

Financing objective: The reason for the long-term financing is to fully settle the only existing long-term loan amounting to SAR 278,500,000. While the reason for the short-term loan is to finance the working capital if needed.