Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Saudi riyal symbol: strategic step toward global financial standing
- Bahrain All Share Index, Islamic Index close lower
- Oman's non-oil exports fall 16% in 2024; re-exports rise 15%
- Oman ranks 58th in 2025 Economic Freedom Index
- QCB foreign reserves grow 3.81% in February 2025
- Doha Bank announces exclusive benefits for NRIs on Visa Platinum Debit Card
- China-US trade war heats up with Beijing's tariffs to take effect
- Saudi Awwal Banks becomes first bank in Saudi Arabia to win Sustainability Program Award 2024 at Capital Markets Forum
- Qatar's international reserves climb 3.81% to $70.29bn in February
- Closing Bell: Tadawul rises on positive trading day, Nomu follows suit
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 |
|---|---|---|
| SABIC | 62.50 | 0.00 (0.00 |
| MAADEN | 45.50 | 1.05 (2.36 |
| SABICAGRINUTRIENTS | 109.80 | -0.80 (-0.73 |
| MARBLEDESIGN | 77.00 | -2.00 (-2.54 |
| LIMEINDUSTRIES | 12.80 | -0.10 (-0.78 |
10/03/2025
Doha Bank introduced a suite of exclusive offers for NRIs on their Visa Platinum Debit Card, delivering exceptional value across travel, lifestyle, dining, and retail. These carefully curated benefit
The Peninsula
10/03/2025
Saudi Awwal Bank has been awarded the Sustainability Program of the Year 2024 at the Capital Markets Forum (CMF), organized by the Saudi Stock Exchange Group (Tadawul).
This achievement make
Saudi Gazette
10/03/2025
Saudi Aramco has lowered its crude oil prices for Asian buyers in April, marking the first reduction in three months. This price cut aligns with market expectations and follows the decision by OPEC+
Arab News
09/03/2025
United Development Company (UDC), the master developer of The Pearl and Gewan Islands, has continued its global track record of accomplishments by securing three new Guinness World Records. This rema
The Peninsula
07/03/2025
Talabat Kuwait has denied rumors of a security breach, assuring customers and partners that all personal and payment information remains fully secure.
In an official statement, Bader Al-Ghan
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia