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25 July 09:18 AM

Tanmiah Food Company announces that it secured a new (Shariah compliant) credit facility from Banque Saudi Fransi

Tanmiah 2281 0.46% 87.40 0.40
Element List Explanation
Introduction Tanmiah Food Company announces that it has secured a new Long-term credit facility amounting to SAR 450 million from Banque Saudi Fransi to support its ongoing strategic expansion plans.
Date of obtaining the funding 2023-12-19 Corresponding to 1445-06-06
Financing entity Banque Saudi Fransi
Financing amount. SAR 450 million
Financing duration. 7 years from 1st drawdown
Guarantees offered for the financing Promissory note
Financing objective To support strategic expansion plans
Related Parties None
Additional Information None

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