Further to what Saudi Arabian Amiantit Company announced on Tadawul platform on February 15, 2024, the Company announced that on March 21, 2024, all the obligations owed by the Company to the Saudi National Bank amounting to SAR 313 million were settled at a 50% discount, by paying SAR 156.5 million from the proceeds of the capital increase and exempting the Company from all its remaining obligations to the Saudi National Bank. Latest Developments Of The Announced Event: Completion of the settlement of all outstanding obligations with SNB amounting to SAR 313 million at a 50% discount and an accounting profit of SAR 156.5 million.
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Apr. 28 | Saudi Arabian Amiantit Logs Increase in Q1 Net Profit, Revenue | MT |
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- Saudi Arabian Amiantit Co. Announces an Update on Signing A Settlement Agreement for the Entire Facilities Due from SNB Amounting to SAR 313 Million At A 50% Discount