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Middle East Paper Co. Announces renewal and amendment banking facility agreement (Shariah-compliant) with National Bank of Kuwait (NBK).

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Introduction Middle East Paper Co. (MEPCO) announces of renewal and amendment banking facility agreement (Shariah-compliant) with National Bank of Kuwait (NBK) as follow:
Date of Receiving the Credit Facility 2019-09-15 Corresponding to 1441-01-16
Financier National Bank of Kuwait (NBK).
Credit Facility value SAR 121,802,560 million after decrease 91,412,225 from the previous Facility value
Credit Facility duration Revolving Facility renewable every year on 22/10/2020
Guarantees Provided for Credit Facility The facility is secured by a promissory note (equivalent to facility value) in favor of the bank.
Purpose of the Credit Facility The purpose of this facility is to finance the company's working capital and to meet other business requirements.
Related Parties No related parties on this agreement.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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