Latest news with #localbank
Zawya
30-06-2025
- Business
- Zawya
Kuwait's Heisco signs $186mln credit facility with local banks
Kuwait's Heavy Engineering Industries & Shipbuilding Co. (Heisco) has signed a credit facilities agreement with a local bank for up to 57 million dinars ($186 million) to finance its business. The terms of the deal were not disclosed. (Writing by Brinda Darasha; editing by Daniel Luiz)
Argaam
19-06-2025
- Business
- Argaam
First Mills secures SAR 69M loan from SIDF
First Mills Co. signed a SAR 69.4 million financing agreement with the Saudi Industrial Development Fund (SIDF) to support capital expenditures for upcoming projects and drive the company's expansion, it said in a filing to Tadawul. The loan will be repaid in 12 equal semiannual installments, starting Feb. 15, 2027, and ending Aug. 15, 2032, following a grace period. First Mills said it issued an irrevocable bank guarantee from a local bank approved by the Saudi Central Bank (SAMA), covering the full loan amount. The company added that any material developments related to the SIDF facility will be announced in accordance with applicable regulations.
