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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 |
|---|
| Ticker | Price | Change |
|---|---|---|
| RIYADHCABLES | 134.70 | -0.30 (-0.23 |
| ASTRAINDUSTRIAL | 145.00 | 1.20 (0.83 |
| UNITEDMINING | 44.00 | 1.00 (2.32 |
| ALBABTAIN | 65.80 | 2.90 (4.61 |
| BAWAN | 52.25 | 0.10 (0.19 |
07/11/2025
In a new achievement that confirms its leadership in adopting the highest sustainability standards, National Bank of Kuwait building won the award of Best Financial Building as part of the GCC Excell
Kuwait Times
07/11/2025
Adnoc Distribution Chief Executive Officer Bader Al Lamki said the company earmarks between $250 million and $300 million annually to support organic growth across the three countries where it operat
Trade Arabia
07/11/2025
IHC, the Abu Dhabi headquartered global investment company focused on building dynamic value networks, on Thursday reaffirmed that it does not intend to pursue the sale of its shareholding in Aldar P
Trade Arabia
07/11/2025
Aramex has resumed parcel and freight deliveries to Syria as of 15 September 2025, officially ending a suspension that lasted more than ten years. The move marks a major step in rebuilding trade rout
Gulfnews
07/11/2025
Parkin Company PJSC, Dubai's largest provider of paid public parking, reported record third-quarter results, with revenues up 43% year-on-year to Dh343.3 million, driven by higher tariffs, network ex
Gulfnews
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia