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Alujain Corp. Announces Rescheduling the Islamic Murabaha Facilities offered by Alinma Bank
| Element List | Explanation |
|---|---|
| Introduction | Alujain Corp. announces the amendment to the credit facilities agreement signed on 16-8-2021 and obtaining a Sharia-Compliant Islamic Credit Refinancing Facilities at competitive prices amounting to SR (1,263,561,000) with Alinma Bank to finance the company's investment activities |
| Date of singing the rescheduling of finance | 2023-07-10 Corresponding to 1444-12-22 |
| Financing entity | Alinma Bank |
| Reasons for rescheduling | Financing the company's investment activities at the most competitive rates and terms |
| The Financing amount and rescheduled part | The value of the new financing facilities amounted to SR1,263,561,000 The remaining rescheduled part amounted to SR863,561,000 |
| Financing Duration, before and after Rescheduling | Financing duration before rescheduling was 8 years Financing duration after rescheduling is 9 years (including grace period of 1 year) |
| Guarantees offered for the rescheduled Financing | Promissory notes and mortgage shares |
| Related Parties | There are no related parties |
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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Net Change -0.08 (-0.29%)
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