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UCIC upgrades facilities with Saudi Fransi
The United Cardboard Industries Company has arranged bank facilities amounting to 215 million Saudi Riyals from the French Saudi Bank, aimed at financing working capital through Tawarruq transactions and issuing documentary credits. This is in accordance with an updated and renewed agreement signed in September 2026. The financing will continue until June 2027 and includes promissory note guarantees of the same amount, with no related parties involved.
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