| Element List |
Explanation |
| Introduction |
Tam Development Company Announces the Signing of Sharia Compliant Banking Facilities Agreement |
| Date of obtaining the funding |
2024-01-24 Corresponding to 1445-07-12 |
| Financing entity |
Bank Albilad |
| Financing amount. |
20 million Saudi riyals |
| Financing duration. |
12 Months |
| Guarantees offered for the financing |
A promissory note worth 109% of the total value of the facilities |
| Financing objective |
Bank guarantees facilities and Short-term Finance facility (if needed) |
| Related Parties |
Not Applicable |
| Additional Information |
The agreement is dated January 07, 2024, but the signatures on the agreement were not completed until January 24, 2024. |
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