Saudi Arabian Mining Company ''Maaden'' announced that its subsidiary Maaden Waad Al-Shamal Phosphate Company (MWSPC) obtained yesterdaythe approval of Saudi Industrial Development Fund (SIDF) for four long-term loans amounting to SAR 4.0 billion. The company said in a statement published today on the Saudi Stock Exchange market "Tadawul'' that the loans will be as follows: 1- Loan facility of SAR 900 million to finance construction of MWSPCs ammonia plant in Ras Al-Khair (RAK) and which will be repaid in 14 semi-annual installments starting on 15/4/1440H for a period of seven years. 2-Loan facility of SAR 900 million to finance construction of MWSPCs diammonium phosphate plant in Ras Al-Khair (RAK) and which will be repaid in 14 semi-annual installments starting on 15/4/1440H for a period of seven years. 3-Loan facility of SAR 1,000 million to finance the construction of MWSPCs sulphuric acid plant and the power plant in the city of Waad Al Shamal and which will be repaid in 16 semi-annual installments starting on 15/4/1440H for a period of eight years. 4-Loan facility of SAR 1,200 million to finance the construction of MWSPCs phosphoric acid plant and phosphate concentrate plant in the city of Waad Al Shamal and which will be repaid in 16 semi-annual installments starting on 15/4/1440H for a period of eight years. --More 11:00 LOCAL TIME 08:00 GMT تغريد
