Agreement renewal date: 24-11-2025 Corresponding to 03-06-1147
Agreement amount: 110,000,000 SR
Agreement duration: from 24-11-2025 to 31-10-2026
Guarantees offered for the agreement: Order Notes issued by the company, with a total value equal to the facilities.
Agreement objective: Opening LCs to purchase raw materials.
Related Parties: There are no related parties
Additional information: The value of the credit facilities with the Arab National Bank was reduced from 145 million riyals to 110 million riyals for use in opening letters of credit to purchase raw materials, and long-term facilities amounting to 35 million riyals were not renewed due to the company’s self-financing approach for capital expansions and reducing the value of long-term loans.
