
The National Company For Glass Industries (Zoujaj) has announced that it has obtained the approval of the Saudi Industrial Development Fund for rescheduling its existing loan installment of SR31.8 million out of the total outstanding SR252.2 million.
It has also got an extension from SIDF in the repayment period for an additional two years ending in year 2023 instead of year 2021, said Zoujaj in its filing to the Saudi bourse Tadawul.
The Saudi glass company said of the total loan amount, SR220.4 million has been repaid and now with SIDF agreement, the balance outstanding amount of SR31.8 million too has been rescheduled, it added.-TradeArabia News Service