04 Apr Zahrat Al Waha for Trading Co. announces the renewal of the credit facilities agreement that is in line with the Sharia regulations with the Saudi Investment Bank
Posted at 09:59h
in News
Agreement renewal date: 03-04-2022 Corresponding to 02-09-1443
Agreement amount: 115,575,565.97 SR
Agreement duration: from 03-04-2022 to 31-07-2022
Guarantees offered for the agreement: Order Notes by the company with the total value of the facilities.
Mortgage of the company’s investment portfolio shares
Agreement objective: To purchase and import raw materials required for manufacturing activity, purchase and import machines and injection molds to finance capital expansions and financing general investment.
Related Parties: There are no related parties.
Additional Information: The general investment financing limit has been added at an amount of 50,000,000 SR