| Element List |
Explanation |
| Introduction |
Al Moammar Information Systems Co. (MIS) Announces renewal and amendment of bank facility in compliant with Islamic Sharia with Banque Saudi Fransi as follow: |
| Date of obtaining the funding |
2023-07-23 Corresponding to 1445-01-05 |
| Financing entity |
Banque Saudi Fransi |
| Financing amount. |
SAR 1,445,649,825.00 |
| Financing duration. |
valid till 31/07/2024 |
| Guarantees offered for the financing |
Facility agreement secured by Promissory note to the amount of total facility limit |
| Financing objective |
Financing new project contracts and issuance of letters of credit & guarantee |
| Related Parties |
Not Applicable |
| Additional Information |
MIS signed the facility agreement on 25/07/2023 |
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