MBC Group pays off SAR 497.3M loan

MBC Group Co. announced the full repayment of a SAR 497.25 million loan owed to Istedamah Holding Co., pursuant to the loan agreement dated Oct. 6, 2022, and amended on July 6, 2023, as disclosed in the prospectus.

In a statement to Tadawul, the group said that the repayment was done from the available liquidity with no material impact on its financials.

Share:

Print

Post Your Comment

ADD TO EYE OF Riyadh

RELATED NEWS

MBC inks SAR 65.1M TV series production contract
Sunday 26 May, 2024 11:24

Osool & Bakheet renews SAR 50M Shariah-compliant loan with BSF
Monday 21 October, 2024 9:53

Sulaiman Al Habib secures SAR 1.3B loan from Al Rajhi Bank
Monday 30 September, 2024 10:01

Sipchem’s affiliate signs agreements to refinance SAR 1.53B outstanding loan
Tuesday 14 May, 2024 7:18

REDF extends loan repayment for Sakani beneficiaries to 30 years
Thursday 10 October, 2024 9:55

Minister of Industry and Advanced Technology Participates in GCC Trade and Industry Meetings, Seeks to Achieve Regional Integration

Sunday 3 November, 2024 10:09

Sweid & Sweid completes AED275 million industrial project in Southeast Atlanta, RP10

Sunday 3 November, 2024 9:49

Saudi Reinsurance Company "Saudi Re" Reports 351% Increase in Profits for the First 9 Months of 2024, Reaching SAR 475 Million

Sunday 3 November, 2024 9:35

New Deloitte study explores the future of sports club privatization in Saudi Arabia and their path to profitability

Sunday 3 November, 2024 9:38

From Tech Addiction to Surviving Conflict: Global Conference in Doha Explores the Challenges Facing Arab and Global Families

Monday 4 November, 2024 12:51