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Quara Finance Co. Announces Obtaining Sharia-complaint Credit Facilities Agreement with Alrajhi Bank

9596
QUARA
2.24 %
1447/01/26     21/07/2025 08:02:37

Element ListExplanation
Introduction Quara Finance Co. Announces Obtaining Sharia-complaint Credit Facilities Agreement with Alrajhi Bank
Date of obtaining the funding 2025-07-20 Corresponding to 1447-01-25
Financing entity Alrajhi Bank
Financing amount. (100,000,000) Saudi Riyals
Financing duration. 4 Years
Guarantees offered for the financing A Promissory note, Guarantee of liability and joint performance from the owners

Assignment of receivables to cover 125% of the outstanding balance of the facilities

Financing objective The purpose of this facility is to expand and increase the sales volume in line with the company's strategy and future plans
Related Parties N/A
Additional Information The Company confirms that the facility agreement is a continuous transaction that is carried out in the normal course of business and is in accordance with prevailing commercial conditions and without any preferential terms

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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