Saudi Pak okays total finance to 24 firms

DUBAI The board of directors of Saudi Pak Industrial and Agricultural Investment Company has approved a total financing of Rs1.41 billion to 24 companies in various sectors.

By A Staff Reporter

Published: Fri 28 Feb 2003, 4:46 AM

Last updated: Wed 1 Apr 2015, 8:24 PM

The board of directors of the company, which met in Dubai yesterday, approved financing for manufacturing, communication, energy, pharmaceutical, food and beverages, construction, services and financial services companies. The financing will facilitate expansion of existing production facilities and creation of additional capacities.

Saudi Pak has provided financing facilities of Rs15.59 billion, which include direct equity investment of Rs1.6 billion and term financing of Rs13.98 billion till now.

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