Umm Al Qura Cement secures US$13.3m loan

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Saudi Arabia: Umm Al Qura Cement Company has signed an Islamic financing agreement with Riyad Bank to secure a US$13.3m loan. The investment will be used to finance the working capital of the company and to pay for capital purchases. The cement producer produces both Ordinary Portland Cement (OPC) and white cement from its 1.98Mt/yr plant at Taif.


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