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Tabuk Agricultural Development Company announces receipt of the third installment of the operating loan amount from the Agricultural Development Fund
| Element List | Explanation |
|---|---|
| Introduction | In addition to the company’s announcement issued on the Tadawul website on 26/12/2023 AD, corresponding to 13/06/1445 AH, regarding the receipt of the first installment in the amount of 9,939,999 riyals (nine million nine hundred and thirty-nine thousand and nine hundred and ninety-nine riyals). And the announcement issued on the Tadawul website on 21/01/2024 AD, corresponding to 09/07/1445 AH, regarding receipt of the second installment of the financing loan in the amount of 29,819,999.82 riyals (only twenty-nine million eight hundred and nineteen thousand nine hundred and ninety-nine riyals and 82 halalas of the total loan amount of 50,500,000 riyals). Of the total amount of the operational loan from the Agricultural Development Fund, amounting to 50,500,000 riyals (fifty million five hundred thousand Saudi riyals). Tabuk Agricultural Development Company announces its receipt on Wednesday 24/04/2024 AD, corresponding to 15/10/1445 AH, the third installment of the operational loan, in the amount of 10,436,999.94 riyals (only ten million four hundred and thirty-six thousand nine hundred and ninety-nine riyals and 94 halalas of the total loan amount). The amount is 50,500,000 riyals. |
| Date of obtaining the funding | 2024-04-24 Corresponding to 1445-10-15 |
| Financing entity | Agricultural Development Fund |
| Financing amount. | 10,436,999.94 Saudi Riyals (only ten million four hundred and thirty-six thousand nine hundred and ninety-nine riyals and 94 halalas Which represents the third installment of the total financing amount of 50,500,000 riyals |
| Financing duration. | Two years |
| Guarantees offered for the financing | Mortgage of the company's land |
| Financing objective | Supporting the company's operational programs |
| Related Parties | None |
| Additional Information | According to the loan agreement, Tabuk Agricultural Development Company bore an amount of 303,000 riyals (three hundred and three thousand riyals) in exchange for monitoring and evaluation services for the benefit of the Agricultural Development Fund. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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