Basic Chemical Industries Co. Announces Obtaining a Credit Facility from Gulf International Bank
| Element List | Explanation |
|---|---|
| Introduction | Basic Chemical Industries Company announces the signing of a Credit Facility contract with Gulf International Bank |
| Date of obtaining the funding | 2022-10-03 Corresponding to 1444-03-07 |
| Financing entity | Gulf International Bank |
| Financing amount. | SR 125 M (One Hundred Twenty-Five Million Saudi Riyal) |
| Financing duration. | One Year (Revolving) |
| Guarantees offered for the financing | Promissory Note |
| Financing objective | Finance Working Capital and Treasury Facilities |
| Related Parties | None. |
| Additional Information | Working Capital Facilities Amounting to SR 120M (One Hundred Twenty Million Saudi Riyal)
Treasury Facilities amounting to SR 5M (Five Million Saudi Riyal) |
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