Saudi's Chemanol says refinances debts worth 637 mln riyals

August 29, 2016 5:55 AM

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DUBAI Aug 29 Saudi Arabia's Methanol Chemicals Co (Chemanol) has refinanced total sharia-compliant debts worth 636.7 million riyals ($169.8 million), according to a bourse statement on Monday.

* Refinancing includes 327.7 million riyal balance from an 832 million riyal Islamic loan signed in 2011, as well as a 309 million riyal bilateral facility.

Also read: Qatar's Ezdan Holding closes $460 million Islamic financing

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