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Saudi AZM for Communications and Information Technology Co. announces the renewal of a Shari'a compliant Banking Facilities agreement with Al Rajhi Bank
9534
AZM
-0.38 %
1444/07/16 07/02/2023 16:04:05
| Element List | Explanation |
|---|---|
| Introduction | Saudi AZM for Communications and Information Technology Co. announces the renewal of a Shari'a compliant Banking Facilities agreement with Al Rajhi Bank |
| Date of obtaining the funding | 2022-11-13 Corresponding to 1444-04-19 |
| Financing entity | Al Rajhi Bank |
| Financing amount. | 35,000,000 SAR |
| Financing duration. | From 13-11-2022 to 31-10-2023 |
| Guarantees offered for the financing | Principal Terms and Conditions Agreement for Banking Facilities/ Facility Agreement/ Deferred Purchase Agreement / Corporate Guarantee Declaration/ Guarantee of fines, performance and commitment / Waiver of projects agreement |
| Financing objective | Financing working capital requirements. Financing contracts for new projects and issuing letters of guarantee. |
| Related Parties | None |
| Additional Information | The necessary signatures were completed and a copy of the agreement were received on 16-07-1444 AH corresponding 07-02-2023 AD |
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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Key Parameters
Last Price 208.0
Net Change -0.8 (-0.38%)
Value Traded (Sar) 321,182.8
Volume Traded 1,556
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