Sumou Real Estate Company announces the latest updates on the loan granted to Tanal Real Estate Investment and Development Company (sister company)
| Element List | Explanation |
|---|---|
| Announcement Detail | Referring to the banking facilities obtained by Tanal Real Estate Investment and Development Company (A sister company) from a local bank, with an amount of 800 million riyals on 25/6 / 2019 for a period of three years, in order to finance company’s projects.
In this regard, Sumou Real Estate Company would like to announce to the shareholders that it has received a letter From Tanal Real Estate Company stating that an early settlement of the loan has taken place. This early settlement will contribute in reducing the financing expenses of Tanal Company, which will have a positive impact on the financial results of Sumou Real Estate Company starting from the current year |
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