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ADVANCED PETROCHEMICAL COMPANY ANNOUNCES OBTAINING OF ISLAMIC MURABAHA FACILITY

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Introduction Advanced Petrochemical Company announces that it has signed an Islamic Murabaha Facility Agreement with SAMBA Financial Group.
Date of Receiving the Credit Facility 2019-10-20 Corresponding to 1441-02-21
Financier SAMBA Financial Group.
Credit Facility value Total Facility of SAR 250 million, however, utilization of this Facility will be based on actual drawdowns in line with financing needs.
Credit Facility duration Five years ending on 31/12/2024G
Guarantees Provided for Credit Facility Promissory notes.
Purpose of the Credit Facility The Islamic facility will be partially utilized to repay the Company’s Sukuk maturing on 17/11/2019G in addition to meet working capital requirements.
Related Parties No related parties on this agreement.
Additional Information The outstanding loan balance is due to be paid on the final maturity date at the end of the duration of the facility.

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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