Basic Chemical Industries Co. announces obtaining an agreement to increase and amend the credit facilities granted to the Company by the National Chemical Industries Company (BSC)
Basic Chemical Industries (BCI) announces the signing of an agreement to increase and amend the credit facilities granted to the Company in accordance with the Islamic Shari'a law of Arab National Bank as follows:
1-The financing agreement was signed on Sunday, May 27, 2018.
2-The value of the limit of the facilities granted 262 million riyals.
3-The company aims to finance the chlorine production project in Jubail Industrial City.
4-The duration of this funding is seven years and four months.
5-The financing was taken by guaranteeing a bond with the value of the financing in favor of Arab National Bank.
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