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The Saudi Paper Manufacturing Company announces the signing of a banking facilities agreement with Emirates NBD Bank, compatible with the provisions of Islamic Sharia
2300
SPM
-0.43
%
1445/12/27 03/07/2024 15:36:05
| Element List | Explanation |
|---|---|
| Introduction | The Saudi Paper Manufacturing Company announces the signing of a banking facilities agreement with Emirates NBD Bank, compatible with the provisions of Islamic Sharia |
| Date of obtaining the funding | 2024-07-03 Corresponding to 1445-12-27 |
| Financing entity | Emirates NBD Bank |
| Financing amount. | 150 million Saudi Riyals |
| Financing duration. | For a period of one calendar year and is renewed annually |
| Guarantees offered for the financing | A promissory note for the full value of the bank facilities agreement |
| Financing objective | Supporting the cash liquidity required to cover working capital for operational operations, in line with the company’s strategy, future plans, and expansions in purchasing raw materials in preparation for the start of operation of the new production lines of the company and its subsidiaries, including: the fifth production line, the developments of which were previously announced. |
| Related Parties | Nothing |
| Additional Information | The Saudi Paper Manufacturing Company signed a banking facilities agreement with Emirates NBD Bank at preferential and competitive rates with regard to profit margins. |
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 69.7
Net Change -0.3 (-0.43%)
Value Traded (Sar) 17,384,793.8
Volume Traded 247,894
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