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.

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