IssuerAnnouncementDetailsV2Portlet
Osool and Bakheet Investment Co. Announces Obtaining a renewal of its Shariah-compliant credit facilities agreement
| Element List | Explanation |
|---|---|
| Introduction | Osool & Bakheet Investment Company announces the renewal of its Shariah-compliant credit facilities agreement with Banque Saudi Fransi. |
| Date of obtaining the funding | 2026-01-25 Corresponding to 1447-08-06 |
| Financing entity | Banque Saudi Fransi. |
| Financing amount. | SAR 50,000,000 |
| Financing duration. | TO 31/01/2027 |
| Guarantees offered for the financing | A promissory note issued by the Company for the full amount of the facilities |
| Financing objective | To finance Murabaha/Tawarruq transactions and/or issue Islamic payment guarantees |
| Related Parties | No related parties are involved |
| Additional Information | All procedures were completed and the agreement was signed on 11 February 2026 (corresponding to 23/08/1447H). There are no outstanding obligations or utilized amounts under the facility as of the renewal date. |
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.