SACO
4008
-0.56%
26.50
-0.15
| Element List |
Explanation |
| Introduction |
Saudi Company for Hardware (SACO) announces signing of Islamic banking facilities agreement with the Saudi British Bank (SABB) |
| Date of Receiving the Credit Facility |
2019-11-13 Corresponding to 1441-03-16 |
| Financier |
Saudi British Bank (SABB) |
| Credit Facility value |
330,907,000 SR |
| Credit Facility duration |
Seven years including two year grace period effective from 14-11-2019. |
| Guarantees Provided for Credit Facility |
Promissory note amounting to : SR 330,907,000 |
| Purpose of the Credit Facility |
To finance working capital and capital expenditure requirement |
| Related Parties |
Non |
Comments