Riyadh – Mubasher: Saudi Paper Manufacturing Company has signed a credit facility agreement with Al Rajhi Bank to reschedule existing financing worth SAR 67.52 million, according to a bourse filing on Monday.

The company has rescheduled the financing to be over 41 months starting 15 July 2021 until 2024, instead of 18 months ending on 30 June 2021 with the amount due on 31 July this year.

Saudi Paper aims to meet cash flow circumstances and endorse working capital cycle through rescheduling the financing.