Alujain Corp. Announces Rescheduling the Islamic Murabaha Facilities offered by Alinma Bank
| Element List | Explanation |
|---|---|
| Introduction | Alujain Corp. announces the amendment to the credit facilities agreement signed on 16-8-2021 and obtaining a Sharia-Compliant Islamic Credit Refinancing Facilities at competitive prices amounting to SR (1,263,561,000) with Alinma Bank to finance the company's investment activities |
| Date of singing the rescheduling of finance | 2023-07-10 Corresponding to 1444-12-22 |
| Financing entity | Alinma Bank |
| Reasons for rescheduling | Financing the company's investment activities at the most competitive rates and terms |
| The Financing amount and rescheduled part | The value of the new financing facilities amounted to SR1,263,561,000
The remaining rescheduled part amounted to SR863,561,000 |
| Financing Duration, before and after Rescheduling | Financing duration before rescheduling was 8 years
Financing duration after rescheduling is 9 years (including grace period of 1 year) |
| Guarantees offered for the rescheduled Financing | Promissory notes and mortgage shares |
| Related Parties | There are no related parties |
Comments