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Takween Advanced Industries Co. Announces Repaying a loan using the proceeds of the offering.
| Element List | Explanation |
|---|---|
| Announcement Detail | Takween Advanced Industries Company announces to its shareholders that it has repaid a loan amounting to SAR (75) million, which is a working capital murabaha facility with the Arab National Bank, by using the proceeds of the equity rights offering. By repaying this loan, the company aims to reduce lending rates and improve financial indicators in light of the continuous increase in interest rates. |
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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Company Performance
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Last Price 13.96
Net Change -0.06 (-0.43%)
Value Traded (Sar) 8,022,909.18
Volume Traded 573,386
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