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18/04/2017 09:40 AST
Further to the announcement by the company on 23/02/2016 regarding the restructuring agreement signed with four of its main lenders, the company would like to further announce that it has reached a debt reduction agreement with one of those lenders to whom a loan of SR141.9 million is currently outstanding. Under this agreement, the company will make an immediate payment of SR 51 million including SR 11 million as a refundable Guarantee against an outstanding loan and an issued letter of guarantee. In return, the lender will immediately forgive an amount of SR77 million from the current outstanding loan. The remaining loan amount of SR24.9 million will also be forgiven upon the company providing additional cash collateral anticipated to be made before June 2019. The company expects to realize the impact of SR77 million debt reduction in Q2 2017, and the impact of the remaining SR24.9 million debt reduction in Q1 2018.
Tadawul
02/05/2017
With reference to the previous announcement of the Saudi Cable Company dated 22/07/1438 H (corresponding to 19 April 2017) on the official website of the Saudi Arabian Stock Exchange (Tadawul) regard
Tadawul
20/04/2017
The Saudi Cable Company announces that it has appointed NCB Capital Company as the financial advisor to manage the process of the capital reduction of the Company, on 21/07/1438H (corresponding to 18
Tadawul
17/04/2017
Saudi Cable Company announces that the Board of Directors is about to reduce the Company's Capital in order to adjust the Company's conditions in accordance with the provisions and regulations issued
Tadawul
| Ticker | Price | Volume |
|---|---|---|
| EMIRATES | 58.80 | 0 |
| JAZADCO | 13.40 | 253,503 |
| TRAFCO | 0.29 | 0 |
| OMVS | 0.33 | 3,105 |
| ANAAMHOLDING | 1.25 | 14,471,369 |
| SAUDIKAYAN | 6.74 | 2,338,843 |
| KHALEEJI | 0.08 | 140,793 |
| Ticker | Price | Change |
|---|---|---|
| RIYADHCABLES | 142.80 | 0.40 (0.28 |
| ASTRAINDUSTRIAL | 188.00 | 0.40 (0.21 |
| OBEIKANGLASS | 47.20 | 0.75 (1.61 |
| RAOOM | 137.40 | -2.20 (-1.58 |
| SAUDICERAMICS | 35.10 | 0.00 (0.00 |
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia