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Alkhorayef Water and Power Technologies Co. announces an update on obtaining banking facility agreement of a Sharia-compliant with Saudi Investment Bank.
2081
AWPT
0.50
%
1445/11/22 30/05/2024 16:09:04
| Element List | Explanation |
|---|---|
| Introduction | Further to the company's previous announcement regarding its agreement with Saudi Investment Bank for a Sharia-compliant credit facility, we would like to inform you that on May 30, 2024, the financing amount for the existing credit facilities of SAR 180,500,000 was increased by SAR 200,000,000 to bring the total value of the facilities to SAR 380,500,000. The security provided for the financing under the promissory note has also been amended to SAR 380,500,000, with all other terms and conditions remaining the same. |
| Previous Announcement | Alkhorayef Water and Power Technologies Co. announces an update on obtaining banking facility agreement of a Sharia-compliant credit facility agreement with Saudi Investment Bank. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2022-11-10 Corresponding to 1444-04-16 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The financing amount for the existing credit facilities of SAR 180,500,000 was increased by SAR 200,000,000 to bring the total value of the facilities to SAR 380,500,000. The security provided for the financing under the promissory note has also been amended to SAR 380,500,000, with all other terms and conditions remaining the same. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
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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