IssuerAnnouncementDetailsV2Portlet
Actions
Professional Medical Expertise Company, also Trading as (“ProMedEx”) announces Obtaining an Islamic financing agreement Offered by Riyad Bank
| Element List | Explanation |
|---|---|
| Introduction | Professional Medical Expertise Company, also Trading as (“ProMedEx”) announces Obtaining an Islamic financing agreement from Riyadh Bank worth 74,500,000.00 seventy-four million and fifty hundred thousand, as follows: 6,500,000.00 Letter of Guarantees. 22,500,000.00 Letter of Credits. 45,000,000.00 Tawarruq - Goods Purchase. to finance existing projects and business expansion. |
| Date of obtaining the funding | 2024-10-13 Corresponding to 1446-04-10 |
| Financing entity | Riyad Bank |
| Financing amount. | 74,000,000.00 (“Seventy-Four Million”) Saudi riyals. |
| Financing duration. | One year from date of signing the funding. |
| Guarantees offered for the financing | - Promissory from Professional Medical Expertise Company. - Promissory from Alomran Holding. |
| Financing objective | to finance existing projects and business expansion. |
| Related Parties | There are no related parties. |
| Additional Information | The Credit facility agreement document is dated on 08/09/2024 AD, and the signing of the agreement was completed on Tuesday the 13/10/2024 AD. |
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.
Share
Company Performance
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions