Sahara Petrochemicals Company declares that a bridge loan agreement was signed with RIYAD Bank with the value up to SAR 1000 million where this value will be used to finance the new projects that are currently under implementation and future projects of the company.

The company will repay this loan to Riyad Bank after completion of the company's capital increase and Rights Issue and from the future earnings of the Company with maximum period of 12 months.

(Sourced from Tadawul)