IssuerAnnouncementDetailsV2Portlet
Al Ashghal Al Moysra Co. Announces Obtaining a Credit facilities
Element List | Explanation |
---|---|
Introduction | Al-Ashghal Al-Maysarah Company announces obtaining Sharia-compliant credit facilities from the Saudi French Bank |
Date of obtaining the funding | 2025-08-20 Corresponding to 1447-02-26 |
Financing entity | Saudi French Bank |
Financing amount. | 5,000,000 SAR |
Financing duration. | 12 months |
Guarantees offered for the financing | Sponsorship CEO and Managing Director, Dr. Abdulaziz Al-Jowair |
Financing objective | Covering final letters of guarantee worth 5 million Saudi riyals |
Related Parties | N/A |
Additional Information | The purpose of obtaining financing is to align with the company's expansion plan in projects in terms of quality, quantity and geography, which will have a positive impact on the company during the years 2025 and 2026. |
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.