Zahrat Al Waha for Trading Co. announces the renewal of the credit facilities agreement that is in line with the Sharia regulations from Alinma Bank
| Element List | Explanation |
|---|---|
| Introduction | Zahrat Al Waha for Trading Co. announces the renewal of the credit facilities agreement that is in line with the Sharia regulations from Alinma Bank |
| Date of Receiving the Credit Facility | 2020-09-03 Corresponding to 1442-01-15 |
| Financier | Alinma Bank |
| Credit Facility value | 63,476,231 SR |
| Credit Facility duration | From 03-09-2020 to 06-30-2021 |
| Guarantees Provided for Credit Facility | Order Notes by the company with the total value of the facilities |
| Purpose of the Credit Facility | Opening LCs for the purchase of raw materials and the purchase of machinery and equipment. |
| Related Parties | There are no related parties |
| Additional Information | The limit for opening short-term credits and facilities was renewed to finance working capital with the same value of 60,000,000 SR.
The limit for the facilities to purchase machinery and equipment has been renewed and reduced from 7,396,737 SR to 3,476,231 SR as a result of payments. |
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