Arabia Cement Company has signed a Murabaha financing agreement with Saudi British Bank for an amount of 400 million riyals, the loan repayment period will be five years including a grace period for the first year, and the loan will be repaid in eight equal installments over four years.

Arabia Cement Company said in a statement on Tadawul. According to a statement on Tadawul, the company stated that the proceeds of the financing will be used to partially finance the first phase of the expansion project that was previously announced on February 23, 2014, namely the construction of cement mills and the linkage project with the power station.

Arabian Cement Company said in a statement on Tadawul.