| Element List | Explanation |
|---|---|
| Introduction | ASG Plastic Factory Co. is pleased to announce that it has obtained financing from the Saudi Industrial Development Fund (SIDF) in the amount of thirty-five million (35,000,000) Saudi Riyals, on 11-07-1447 AH corresponding to 31-12-2025 AD. This funding aims to support working capital and enhance the company’s operational activities |
| Date of obtaining the funding | 2025-12-31 Corresponding to 1447-07-11 |
| Financing entity | Saudi Industrial Development Fund (SIDF) |
| Financing amount. | (35,000,000) Thirty-five million Saudi riyals |
| Financing duration. | The financing term is Two Years. The loan shall be repaid in four equal installments, payable at 12, 16, 20, and 24 months from the date of disbursement of the first tranche, with each installment in the amount of SAR 8,750,000. |
| Guarantees offered for the financing | Joint & Several Personal Guarantees covering SIDF loan from Major shareholders. |
| Financing objective | Support working capital and enhance the company’s operational activities. |
| Related Parties | None |
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