Zahrat Al Waha for Trading Co  announces the renewal of the credit facilities agreement that is in line with the Sharia regulations with Arab National Bank

Agreement renewal date: 08-07-2021 Corresponding to 28-11-1442

Agreement amount: 82,175,000 SR

Agreement duration: from 08-07-2021 to 31-05-2022

Guarantees offered for the agreement: Order Notes by the company with the total value of the facilities.

Agreement objective: Opening LCs for purchase raw materials, machinery and equipment

Related Parties: There are no related parties.

Additional Information:

  • The limit for opening short-term credits and facilities was renewed to finance working capital with the same value of 70,000,000 SR.
  • The limit for the facilities to purchase machinery and equipment has been renewed and reduced from 22,993,396 SR to 12,175,000 SR because of payments.

Comments are disabled