News
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
2021-07-08 - 9:03 pm
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.