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- KFH continues pioneering efforts to promote financial literacy in Kuwait
- US Fed holds interest rates steady
- Asian stocks hit by fresh tech fears as gold retreats from peak
- CBO releases its Macroeconomic Stability Report 2025
- Vodafone Qatar to showcase next-generation digital solutions enabling business growth at Web Summit
- Al Rayan Bank holds Executive Fraud Risk Management Briefing
- Saudi-built AI takes on financial crime
- Closing Bell: Saudi main market closes the week in red at 11,382
- Bahrain, UAE central banks keep interest rates unchanged
- Saudi Steel Pipe unit inks supply contract with Subsea Seven
30/08/2016 05:04 AST
Saudi Arabia's Methanol Chemicals Co. (Chemanol) has refinanced total Shariah-compliant debt worth SR636.7 million ($169.8 million), according to a bourse statement.
Refinancing includes SR327.7 million balance from a SR832 million Islamic loan signed in 2011, as well as a SR309 million bilateral facility.
The refinancing will support the company's current financial position as well as future strategic objectives, according to CEO Saud bin Abdullah Al-Sanea.
Banks providing the cash are Saudi British Bank, Samba Financial Group, Riyad Bank and Gulf International Bank.
New murabaha has a higher profit rate than existing debts. Repayments to be made in 10 semi-annual instalments starting June 28, 2018, concluding on Dec. 31, 2022.
Arab News
29/12/2015
With reference to the Ministerial Resolution dated Monday 17 Rabi Al-Awwal 1437 corresponding to December 28, 2015 regarding the increment of the Gas Price that increased from 0.75 $/MMBTU to from 1.
Tadawul
13/07/2014
Chemanol announces that on Friday 14/09/1435 H. corresponding to 11/07/2014 afternoon a limited fire has broken out at its Paraformaldehyde Unit located in Jubail Industrial City. The fire has been c
Tadawul
23/04/2014
Further to the announcement published on Tadawul's website on 20-04-2014 related to the beginning of the non-scheduled shutdown of its Methanol plant Methanol Chemicals Company announces addendum to
Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 59.55 | 0.00 (0.00 |
| SABIC | 54.95 | 0.00 (0.00 |
| SABICAGRINUTRIENTS | 116.00 | 1.00 (0.86 |
| YANSAB | 30.42 | -0.10 (-0.33 |
| LUBEREF | 94.70 | 0.75 (0.79 |
30/01/2026
Reinforcing its leadership in financial literacy and social responsibility, Kuwait Finance House (KFH) continues to spearhead the national "Diraya" awareness campaign. Launched by the Central Bank of
Kuwait Times
30/01/2026
Vodafone Qatar has announced its participation in Web Summit Qatar 2026, one of the world's leading technology conferences, taking place from 1-4 February 2026 at the Doha Exhibition and Convention C
The Peninsula
30/01/2026
As part of its annual Executive Fraud Risk Management Briefing, Al Rayan Bank brought together senior management to review evolving fraud risks and industry trends.
This briefing forms a key
The Peninsula
30/01/2026
Saudi Steel Pipe Company has announced that one of its consolidated subsidiaries, Global Pipe Company, has signed a significant supply contract with Subsea Seven (SS7), a global leader in offshore en
Trade Arabia
30/01/2026
Ghitha Holding delivered double-digit revenue growth and a sharp rise in profitability in 2025, supported by tighter execution across its food and agriculture businesses and a year marked by consolid
Gulfnews
Financial Information Co.
Saudi Arabia