TAM DEVELOPMENT
9570
7.00%
214.00
14.00
9570
BJAZ
1020
2.81%
16.82
0.46
1020
Default Company
7204.B
0.00%
0.00
0.00
7204.B
Riyadh – Mubasher: Tam Development Company has signed a SAR 15 million Sharia-compliant banking facilities agreement with Bank Aljazira.
The company obtained the one-year financing on 12 November 2023 for the purpose of facilitating bank guarantees as well as short-term funding if needed, according to a bourse disclosure.
Meanwhile, Tam Development provided a promissory note worth 110% of the total facilities' value as a guarantee for the loan agreement.
The deal comes nearly two months after Tam Development secured SAR 25 million worth of Islamic financing from Saudi Awwal Bank (SAB).
Source:
Mubasher