Al Jouf Cement takes US$107m loan for second production line

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Saudi Arabia: Al Jouf Cement has announced in a bourse filing it had signed an agreement with Saudi Arabia's largest Islamic bank, Al Rajhi Bank, for a US$107m loan to partially finance the construction of a second production line. The loan is to be repaid by June 2019.

Al Jouf Cement has a cement production capacity of 1.75Mt/yr or 5000t/day. The company's products include Ordinary Portland Cement and sulphate resisting cement.


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