Riyadh – Mubasher: The board of Nama Chemicals Company has approved the debt restructure offer of the Saudi Industrial Development Fund (SIDF) to reschedule the company's defaulted loans valued at SAR 591,279.
The company has held several meetings with SIDF to review some of the terms of the offer, which was made on 19 November 2020, according to the company's disclosure to the Saudi Stock Exchange (Tadawul) on Sunday.
On 1 April 2021, Nama received a final offer from SIDF, including SIDF's approval to reschedule defaulted loans.
The offer will have a positive impact on the company's financial statements.
