East Pipes Integrated Company for Industry Announces Obtaining a Working Capital Financing
| Element List | Explanation |
|---|---|
| Introduction | East Pipes Integrated Company for Industry (East Pipes) announces the signing of a bank's working capital facilities agreement (compliant with the provisions of Islamic Sharia) with The Saudi British Bank |
| Date of obtaining the funding | 2022-03-28 Corresponding to 1443-08-25 |
| Financing entity | The Saudi British Bank |
| Financing amount. | 285,000,000 Saudi Riyals |
| Financing duration. | 365 days |
| Guarantees offered for the financing | .A promissory note by 285,000,000 Saudi Riyals |
| Financing objective | .Financing the working capital of one of the company's projects |
| Related Parties | .There are no related parties transactions to the agreement |
| Additional Information | Nothing |
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