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 Gulf International Bank (GIB) |
| Date of Receiving the Credit Facility |
2019-12-19 Corresponding to 1441-04-22 |
| Financier |
Gulf International Bank (GIB) |
| Credit Facility value |
100,000,000 |
| Credit Facility duration |
five years including one year grace period effective from 19-12-2019. |
| Guarantees Provided for Credit Facility |
Promissory note amounting to : SR 100,000,000 |
| Purpose of the Credit Facility |
To finance working capital and capital expenditure requirements and also to settle other bank loans |
| Related Parties |
non |
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