11 Aug 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: 11-08-2022 Corresponding to 13-01-1444
Agreement amount: 148,718,789 SR
Agreement duration: from 11-08-2022 to 31-05-2023
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 LCs and short-term facilities to finance working capital has been renewed at an amount of 110,000,000 SR.
The limit for opening LCs and long-term facilities to finance the purchase of machinery and equipment has been renewed at an amount of 38,718,789 SR.