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Fesh Fash Snack Food Production Co. Announces Obtaining a Financing from the Saudi Industrial Development Fund
| Element List | Explanation |
|---|---|
| Introduction | Fesh Fash Snack Food Production Company would like to announce that it got approval for a loan from SIDF with commitment letter No. 826 dated 08/03/1446H, to fund the internal development project of production lines, machines, and buildings in total amount of 9,680,000 Nine Million Six Hundred Eighty Thousand Saudi Riyals with 50% fund of the total project cost, to be paid during 8 years with 2 years allowance period, Commitment letter was approved on 16/09/2024, Procedures to be completed and contract to be signed to proceed with the internal development project. |
| Date of obtaining the funding | 2024-09-11 Corresponding to 1446-03-08 |
| Financing entity | Saudi Industrial Development Fund |
| Financing amount. | 4,700,000 |
| Financing duration. | Eight years ending on 08/15/2032 AD |
| Guarantees offered for the financing | Mortgage all fixed assets related to the project |
| Financing objective | to fund the internal development project of production lines, machines, and buildings |
| Related Parties | A / N |
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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