| Element List |
Explanation |
| Introduction |
Reference to the Company’s Announcement on 14-11-2019 related to signing a contract to renew banking facilities compatible with Sharia Provision with the Saudi British Bank (SABB). |
| Date of Posting the Previous Announcement of Development on Tadawul's Website |
2019-11-14 Corresponding to 1441-03-17 |
| URL of the Previous Announcement |
Click Here |
| Change on the Development |
In 9-6-2021, The value of the financing was increased from SAR 330,907,000 to SAR 412,950,000 and the guarantees provided against financing under a promissory note were increased from SAR 330,907,000 to SAR 412,950,000 with the other conditions remaining as they are. |
| Financial Impact on the change |
None |
| Additional Information |
The purpose of increasing the facility limit is to finance the expansion strategy projects |
Comments