News Details

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

30/11/2020 03:19 PM

Tadawul
ELEMENT LIST EXPLANATION
Introduction 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
Date of Receiving the Credit Facility 2020-11-16 Corresponding to 1442-04-01
Financier Arab National Bank
Credit Facility value 92,993,396 SR
Credit Facility duration From 16-11-2020 to 28-02-2021
Guarantees Provided for Credit Facility Order Notes by the company with the total value of the facilities
Purpose of the Credit Facility 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 54,449,000 SR to 22,993,396 SR as a result of payments.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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