03 Nov 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
Agreement renewal date: 02-11-2021 Corresponding to 27-03-1443
Agreement amount: 67,560,587.67 SR
Agreement duration: from 02-11-2021 to 31-07-2022
Guarantees offered for the agreement: Order Notes by the company with the total value of the facilities.
Agreement objective: To purchase and import raw materials required for manufacturing activity, and to purchase and import machines and injection molds to finance capital expansions
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 60,000,000 SR. The limit for the facilities to purchase machinery and equipment has been renewed and reduced from 15,560,700 SR to 7,560,587.76 SR as a result of payments.