| Element List |
Explanation |
| Introduction |
Al Moammar Information Systems Co. (MIS) Announces renewal and amendment of bank facility in compliant with Islamic Sharia with The Saudi Investment Bank as follow: |
| Date of obtaining the funding |
2023-10-23 Corresponding to 1445-04-08 |
| Financing entity |
The Saudi Investment Bank |
| Financing amount. |
SAR 136,800,000 |
| Financing duration. |
valid till 30/04/2024 |
| Guarantees offered for the financing |
Facility agreement secured by Promissory notes to the amount of total facilities 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 29/01/2024 |
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