Saudi Paper Amends Credit Facilities with SAB to SAR 170 Million

Saudi Paper Manufacturing Co. has amended its credit facilities agreement with Saudi Awwal Bank (SAB). The updated deal combines an existing SAR 100 million working capital facility with a new medium-term financing of SAR 70 million, totaling SAR 170 million.

The working capital facility carries a 12-month term, renewable annually. The medium-term financing spans 48 months, including a three-month grace period.

Saudi Paper provided a promissory note for the full facility value as collateral. The company confirmed no related parties are involved in the transaction.

The restructuring aims to optimize medium-term debt, improve cash flows, bolster financial position, and reduce financing costs.​