{"id":7261,"date":"2023-08-16T16:05:02","date_gmt":"2023-08-16T13:05:02","guid":{"rendered":"https:\/\/uacc.com.sa\/?p=7261"},"modified":"2026-08-12T12:27:40","modified_gmt":"2026-08-12T09:27:40","slug":"umm-al-qura-cement-co-announces-rescheduling-of-the-existing-loan-offered-by-saudi-industrial-development-fund-sidf","status":"publish","type":"post","link":"https:\/\/uacc.com.sa\/en\/2023\/08\/16\/umm-al-qura-cement-co-announces-rescheduling-of-the-existing-loan-offered-by-saudi-industrial-development-fund-sidf\/","title":{"rendered":"Umm Al-Qura Cement Co. Announces Rescheduling of the existing loan offered by Saudi Industrial Development Fund (SIDF)"},"content":{"rendered":"<table class=\"stacktable large-only\" border=\"0\" width=\"80%\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"20%\" \/>\n<col width=\"80%\" \/><\/colgroup>\n<thead>\n<tr>\n<th>Element List<\/th>\n<th>Explanation<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Date of singing the rescheduling of finance<\/td>\n<td>2023-08-16 Corresponding to 1445-01-29<\/td>\n<\/tr>\n<tr>\n<td>Financing entity<\/td>\n<td>Saudi Industrial Development Fund (SIDF)<\/td>\n<\/tr>\n<tr>\n<td>Reasons for rescheduling<\/td>\n<td>Supporting the company&#8217;s financial position in line with its cash flows<\/td>\n<\/tr>\n<tr>\n<td>The Financing amount and rescheduled part<\/td>\n<td>Loan value: 656,876,000 Saudi riyals&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>The rescheduled part: 323,000,000 Saudi riyals<\/td>\n<\/tr>\n<tr>\n<td>Financing Duration, before and after Rescheduling<\/td>\n<td>Before scheduling: Semi-annual installments ending on 15\/8\/1446 AH&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>After scheduling: Semi-annual installments ending on 15\/8\/1449 AH<\/td>\n<\/tr>\n<tr>\n<td>Guarantees offered for the rescheduled Financing<\/td>\n<td>Maintaining the previously provided guarantees with the addition of the following:&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211; The borrower undertakes to present an insurance document acceptable to the fund on all the assets of the plant, including the two conditions of the fund, provided that it is completed within three months of signing the amended agreement.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211; The borrower undertakes that, in the event of distributing more profits than the total loan repayment during the fiscal year, that an amount equal to the increase must be paid against the outstanding outstanding loan, as the advance payment is applied against the due loan installments in the reverse order.<\/td>\n<\/tr>\n<tr>\n<td>Related Parties<\/td>\n<td>N\/A<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Element List Explanation Date of singing the rescheduling of finance 2023-08-16 Corresponding to 1445-01-29 Financing entity Saudi Industrial Development Fund (SIDF) Reasons for rescheduling Supporting the company&#8217;s financial position in line with its cash flows The Financing amount and rescheduled part Loan value: 656,876,000 Saudi riyals&nbsp; &nbsp; The rescheduled part: 323,000,000 Saudi riyals Financing Duration, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-7261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/posts\/7261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/comments?post=7261"}],"version-history":[{"count":1,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/posts\/7261\/revisions"}],"predecessor-version":[{"id":7262,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/posts\/7261\/revisions\/7262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/media\/5118"}],"wp:attachment":[{"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/media?parent=7261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/categories?post=7261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/tags?post=7261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}