Yamama Cement Company announces that it has obtained banking facilities from Alinma Bank that are compatible with the provisions of Islamic Sharia
| Element List | Explanation |
|---|---|
| Date of obtaining the funding | 2024-03-27 Corresponding to 1445-09-17 |
| Financing entity | Alinma Bank |
| Financing amount. | 800 million Saudi Riyals |
| Financing duration. | - 500 million Saudi Riyals: Long-term financing for 10 years.
- 200 million Saudi Riyals: Medium-term financing for 8 years. - 100 million Saudi Riyals: Short-term loan for 12 months (revolving credit facility). |
| Guarantees offered for the financing | Promissory Note |
| Financing objective | Refinancing existing liabilities, capital expenditures and financing working capital requirements to improve financial efficiency. |
| Related Parties | None |
Comments