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Saudi Parts Center Co. Announces Obtaining a General facilities for working capital financing
9533
SPC
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1446/01/18 24/07/2024 15:42:27
| Element List | Explanation |
|---|---|
| Introduction | Saudi Parts Center Co. Announces the signing of a credit facilities agreement in compliance with Islamic Sharia with The Saudi Investment Bank |
| Date of obtaining the funding | 2024-07-24 Corresponding to 1446-01-18 |
| Financing entity | Saudi Investment Bank |
| Financing amount. | 30,000,000 Saudi Riyal |
| Financing duration. | From 24/07/2024 to 30/04/2025 |
| Guarantees offered for the financing | A promissory note by the company with the total value of the facility |
| Financing objective | To import/purchase materials to finance working capital requirements |
| Related Parties | There are no related parties |
| Additional Information | For any inquire please contact Investor Relations at: Phone No: 0118212553, Email: aaltayyar@spc-parts.com |
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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