premargin

Element List	Explanation
Introduction	Arabian Plastic Industrial Company (APICO) announces the renewal of its Shariah-compliant credit facilities agreement with the Saudi Investment Bank (SAIB), with a total amount of SR 92,100,884. The facilities are allocated to finance working capital requirements and the expansion of production lines, in alignment with the Company’s strategy.
Date of obtaining the funding	2026-02-26 Corresponding to 1447-09-09
Financing entity	The Saudi Investment Bank (SAIB)
Financing amount.	92,100,884 SAR
Financing duration.	SR 47,000,000 Revolving facility for working capital renewable annually. SR 45,100,884 One time CAPEX facility is repayable within 6 years.
Guarantees offered for the financing	Promissory notes covering the full exposure provided by APICO.
Financing objective	Financing working capital requirements and production line expansion expenditures in at Al-Kharj plant (CAPEX).
Related Parties	N/A
Additional Information	Main agreement was signed on date 08/03/2023 corresponding to 16/08/1444.

Arabian Plastic Industrial Company (APICO) announces the renewal of its Shariah-compliant credit facilities agreement with the Saudi Investment Bank (SAIB).