Al Moammar Information Systems Co. (MIS) Announces the renewal and amendment of the bank facility in compliant with Islamic Sharia with The Gulf International Bank -Saudi Arabia as follows:
Date of obtaining the funding
2022-11-10 Corresponding to 1444-04-16
Financing entity
Gulf International Bank - Saudi Arabia
Financing amount.
SAR 150,000,000.00
Financing duration.
valid till 27/06/2023
Guarantees offered for the financing
Facility agreement secured by Promissory notes to the amount of total facilities limit
Financing objective
Invoice Payables, projects financing and issuance of letters of credit & guarantee
Related Parties
No.
Additional Information
MIS signed the facility agreement on Late evening of 10/11/2022
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