Corrective announcement from Emaar The Economic City in regards to Rescheduling of Murabaha financing of SAR 1.7 billion offered by Alinma bank
| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul's Website | 2020-09-16 Corresponding to 1442-01-28 |
| URL of the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | The title of the announcement mentioned the rescheduling of the Murabaha financing.
As stated in the paragraph "Duration of financing before and after scheduling": 15 years |
| Correct Statement | And the correct one: The title must read as follows: “Emaar the Economic City Announces the amendment of the terms of 1.7 billion SAR Credit Facility Agreement with Al-Inma Bank.Financing.
period before and after the rescheduling: Before: 8 years (From Dec 2014 to August 2023)After: 10 years (From Sep 2020 till December 2030)Overall (15 years: From Dec 2014 to August 2030) |
| Additional Information | none |
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