12 Hrs
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UCIC upgrades facilities with Saudi French Bank
The United Cardboard Industries Company announced the signing of an agreement to renew and amend banking facilities valued at 215 million riyals with the French Saudi Bank. This financing is intended to support working capital activities, including tawarruq transactions and the issuance of letters of credit. The funding was secured on September 3, 2026, and will continue until June 30, 2027, with a promissory note guarantee equal to the financing amount, and there is no related party involved in the agreement.
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