Addendum Announcement from Saudi Advanced Industries Co. in regards to renewal of the bank facilities agreement
- Date : 2021-06-30
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | Further to the announcement of the Saudi Advanced Industries Company on the Tadawul website on 2/7/2018 AD regarding of a Shariah-compliant credit facility agreement with the Saudi Investment Bank, the company would like to announce that the renewal of the facilities has been approved as follow:
1. The value of the financing is 50,000,000 riyals 2. The financing period is three years, starting from 01-07-2021 AD. 3. The company’s financing aims to support the activities and cover the expansion of the company’s investments. 4. The financing was taken with a mortgage guarantee and a promissory note submitted by the company. 5. There are no related parties to the agreement. |
| Date of Posting the Previous Announcement of Development on Tadawul’s Website | 2018-07-02 Corresponding to 1439-10-18 |
| URL of the Previous Announcement | Click Here |
| Change on the Development | to renew of the facilities agreement |
| Financial Impact on the change | there is no |