Zahrat Al Waha for Trading Co. announces the renewal of the credit facilities agreement that is in line with the Sharia regulations with Arab National 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 with Arab National Bank |
| Date of Receiving the Credit Facility | 2020-11-16 Corresponding to 1442-04-01 |
| Financier | Arab National Bank |
| Credit Facility value | 92,993,396 SR |
| Credit Facility duration | From 16-11-2020 to 28-02-2021 |
| 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 purchase raw materials, 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 70,000,000 SR.
The limit for the facilities to purchase machinery and equipment has been renewed and reduced from 54,449,000 SR to 22,993,396 SR as a result of payments. |
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