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News Southern Province Cement takes US$373m loan for Jizan cement plant project

Southern Province Cement takes US$373m loan for Jizan cement plant project

Written by Global Cement staff 26 June 2023
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Saudi Arabia: Southern Province Cement has secured a loan worth US$373m from Saudi National Bank. The loan will cover its construction of a 5000t/day production line at its upcoming Jizan cement plant, as well as the construction of infrastructure for a second new line of the same capacity at the plant. The producer appointed China-based Sinoma International Engineering to build the plant in May 2023.

Reuters has reported that the loan has a duration of 10 years and a two-year grace period.

Last modified on 28 June 2023
Published in Global Cement News
Tagged under
  • Saudi Arabia
  • Southern Province Cement
  • Southern Province Cement
  • Loan
  • Plant
  • Finance
  • line
  • Project
  • Sinoma International Engineering
  • bank
  • Saudi National Bank
  • GCW614
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