Arabian Cement Company (ACC) said it signed Wednesday an agreement with Saudi British Bank for a SAR400m (US$106.6m) Islamic financing.
The loan is to be repaid over a period of five years, including a one-year grace period.
The cement firm said it will use the loan to finance part of the first phase of an expansion project to enhance grinding capacity.

US tariffs will hit Greek and Canadian cement producers hardest
Canadian and Greek cement producers will be hit hardest by US tariffs. Adding to the already ann...