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ASG Plastic Factory Secures SAR35 Million Financing for Working Capital

MT Newswires·01/01/2026 01:54:49
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01:54 AM EST, 01/01/2026 (MT Newswires) -- ASG Plastic Factory (SASE:9607) secured financing worth 35 million Saudi riyals from the Saudi Industrial Development Fund for its working capital and operational activities. The two-year financing will be repaid in four equal installments of 8.8 million riyals, the plastic products manufacturer said Thursday. It is secured by joint and several personal guarantees and a loan from top shareholders.