Enma Alrawabi Company announces that it has obtained Sharia-compliant credit facilities.
| Element List | Explanation |
|---|---|
| Date of obtaining the funding | 2024-02-25 Corresponding to 1445-08-15 |
| Financing entity | Arab National Bank. |
| Financing amount. | (170,000,000) One hundred and seventy million Saudi riyals only. |
| Financing duration. | Five years. |
| Guarantees offered for the financing | 1. A promissory note for the full value of the financing.
2. Mortgage on the Hittin land in Riyadh. |
| Financing objective | To finance the transaction of purchasing the buildings erected on the Hittin land in Riyadh, in relation to the termination of the lease contract between Enma Alrawabi Company (the lessor) and Al-Motaqadimah Schools Company (the lessee) by mutual consent. |
| Related Parties | No related parties. |
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