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.

Power Cement reports positive 3Q and 9MFY24-25 results
Pakistan-based Power Cement Ltd posted PKR7.182bn (US$52.5m) in revenue for the quarter ended ...