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Saudi Top for Trading Co. Announces Obtaining a Sharia-compliant long-term financing (Tawarruq) from Bank AlJazira

9552
SAUDI TOP
-0.14 %
1446/11/09     07/05/2025 08:04:10

Element ListExplanation
Date of obtaining the funding 2025-05-06 Corresponding to 1446-11-08
Financing entity Bank AlJazira
Financing amount. 21,000,000 Saudi riyals
Financing duration. Five Years
Guarantees offered for the financing Real estate mortgage worth 10,000,000

Promissory note for the value of the facilities

Kafalah Program

Financing objective For the purpose of financing the construction of the West Coast factory owned by the Saudi Top Trading Company
Related Parties N/A

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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