| Element List |
Explanation |
| Introduction |
Prefect presentation for commercial service (2P) announce a Increase &renewal of bank facility in compliant with Islamic sharia with Gulf International Bank as follow |
| Date of obtaining the funding |
2023-10-29 Corresponding to 1445-04-14 |
| Financing entity |
Gulf International Bank |
| Financing amount. |
70,000,000 SR |
| Financing duration. |
Till 30 / 09 / 2024 |
| Guarantees offered for the financing |
Facility Agreement secured By Promissory Notes to the amount of total facilities limit |
| Financing objective |
To Be utilized for New Awarded Projects Issuing Letter of Guarantees , Letter of Credit & Invoice Financing |
| Related Parties |
N/A |
| Additional Information |
2P Signed the Facility agreement on 29/10/2023 |
Comments