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Saudi Pharmaceutical Industries and Medical Appliances Corp. announces the signing of a credit facility agreement (Sharia compliant) with Banque Saudi Fransi.

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Element List Explanation
Introduction Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO ADDWAIEH) announces the signing of a Sharia compliant credit facility agreement with Banque Saudi Fransi amounting to SAR 300 million.
Date of obtaining the funding 2023-06-14 Corresponding to 1444-11-25
Financing entity Banque Saudi Fransi
Financing amount. SAR 300 million.
Financing duration. Long-term facilities for 5 years
Guarantees offered for the financing Promissory note.
Financing objective The purpose of these Long-term facilities is for Balance Sheet restructuring.
Related Parties None
Additional Information None

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