HASCOL to receive facilities worth $42 million from a major shareholder

MG News | July 19, 2019 at 04:39 PM GMT+05:00

0:00

July 19, 2019 (MLN): Hascol Petroleum Limited and Vitol Dubai Limited have entered into financial arrangements, whereby the latter has agreed to provide facilities of USD 42 million to Hascol.

According to the Company’s notification to PSX, the aforesaid facility comprises of Bank Guarantee worth $15 million, Open Credit Limit facility worth $12 million and Stock availability at HTL Port Qasim Terminal worth $15 million.

The notice further stated that ‘the arrangement will further strengthen the supply chain of the Company’.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	186,900.74 390.19M	1.00% 1842.91
ALLSHR	112,154.62 846.50M	0.86% 955.62
KSE30	57,292.13 173.90M	0.85% 483.13
KMI30	264,696.41 110.49M	0.72% 1889.84
KMIALLSHR	72,112.94 399.43M	0.73% 521.00
BKTi	54,367.28 106.69M	1.37% 732.43
OGTi	38,783.78 9.59M	-0.26% -101.63

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	76,595.00	76,780.00 75,595.00	-85.00 -0.11%
BRENT CRUDE	68.22	68.24 67.55	0.89 1.32%
RICHARDS BAY COAL MONTHLY	90.00	0.00 0.00	-3.35 -3.59%
ROTTERDAM COAL MONTHLY	99.50	102.00 99.50	-2.45 -2.40%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	64.13	64.14 63.47	0.92 1.46%
SUGAR #11 WORLD	14.63	14.70 14.21	0.37 2.59%