Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) (2070.SE) secured SAR700 million of credit facilitates from Riyad Bank (1010.SE) through two tranches of credit lines. SPIMACO plans on utilising the loan facilitates in its current and future projects and expanding its investment activities. The first tranche has a SAR200 million ceiling, a five-year repayment period (starting the date of withdrawal) and a two-year grace period. As for the second tranche, it has a SAR500 million ceiling, a seven-year repayment period (as of the date of withdrawal) and a two-year grace period. There will be no commitment fees if the credit lines were not utilised. (Company disclosure)