ASG Plastic Factory Co. Announces Obtaining a loan from the Saudi Industrial Development Fund
| Element List | Explanation |
|---|---|
| Introduction | ASG Plastic Factory Co. is pleased to announce that it has obtained financing from the Saudi Industrial Development Fund (SIDF) in the amount of thirty-five million (35,000,000) Saudi Riyals, on 11-07-1447 AH corresponding to 31-12-2025 AD.
This funding aims to support working capital and enhance the company’s operational activities |
| Date of obtaining the funding | 2025-12-31 Corresponding to 1447-07-11 |
| Financing entity | Saudi Industrial Development Fund (SIDF) |
| Financing amount. | (35,000,000) Thirty-five million Saudi riyals |
| Financing duration. | The financing term is Two Years.
The loan shall be repaid in four equal installments, payable at 12, 16, 20, and 24 months from the date of disbursement of the first tranche, with each installment in the amount of SAR 8,750,000. |
| Guarantees offered for the financing | Joint & Several Personal Guarantees covering SIDF
loan from Major shareholders. |
| Financing objective | Support working capital and enhance the company’s operational activities. |
| Related Parties | None |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of its knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.