| Element List |
Explanation |
| Introduction |
Riyadh Steel Co. announces the signing of a short-term (Shari’ah-compliant) bank facility agreement with Saudi Awwal Bank. |
| Date of obtaining the funding |
2024-08-26 Corresponding to 1446-02-22 |
| Financing entity |
Saudi Awwal Bank |
| Financing amount. |
10million Saudi riyals |
| Financing duration. |
One Year |
| Guarantees offered for the financing |
The facility agreement is secured by a promissory note with the value of the facilities in favor of the bank. |
| Financing objective |
The purpose of the facility is to finance the working capital of the company |
| Related Parties |
No related parties on this agreement. |
| Additional Information |
N/A |
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