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: 20-11-2024 Corresponding to 18-05-1446

Agreement amount: 145,000,000 SR.

Agreement duration: from 20-11-2024 to 31-10-2025

Guarantees offered for the agreement: The company submitted a promissory note in the amount of 110,000,000 SR.

Agreement objective: Opening LCs for the purchase of raw materials and capital expansions.

Related Parties: There are no related parties.

Additional information: It will be announced later

The name of other official authorities and the details of their non-refusal to the recommendation or decision: N/A

Additional Information:

  • Short-term facilities to open LCs for the purchase of raw materials in the amount of 110,000,000 SR.
  • Long-term facilities for opening LCs for capital expansions in the amount of 35,000,000 SR.

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