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The Saudi Company for Pharmaceutical Industries and Medical Appliances announces the signing of a credit facility agreement with Banque Saudi Fransi.

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Element List Explanation
Introduction Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO ADDWAIEH) announces the signing of a credit facility agreement with Banque Saudi Fransi amounting to 225 million SAR.
Date of obtaining the funding 2022-08-28 Corresponding to 1444-02-01
Financing entity Banque Saudi Fransi
Financing amount. The total value of the credit facilities is 225 million SAR (Sharia compliant) followings:

- Short-term facilities is (200 million SAR).

- Treasury Facility is (25 million SAR).

Financing duration. -One year (revolving loan on demand).
Guarantees offered for the financing Promissory note
Financing objective -The purpose of financing working capital requirements.
Related Parties No more.
Additional Information No more.

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