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The Saudi Fisheries Company ‎announces that it has ‎obtained a banking facility ‎agreement (short-term ‎tawarruq) from the National ‎Bank of Bahrain

Element ListExplanation
Introduction The Saudi Fisheries Company ‎and the National Bank of ‎Bahrain (a related party) ‎signed an agreement to ‎obtain banking facilities on ‎‎08-08-2022, amounting to 36 ‎million riyals for a period of ‎one year, for financing ‎operational Activities
Date of obtaining the funding 2022-08-08 Corresponding to 1444-01-10
Financing entity National Bank of Bahrain
Financing amount. ‎36 million Riyal‎
Financing duration. One Year
Guarantees offered for the financing Promissory note & Time ‎deposit ‎
Financing objective for financing operational ‎Activities
Related Parties Mr. Mansour Abdulaziz ‎Alsoghayer
Additional Information This agreement is within the ‎normal course of business ‎and no preferential benefits ‎were granted, and it was ‎approved by the company's ‎board of directors This ‎agreement will be presented ‎to the next general meeting ‎of the company's ‎shareholders for approval.‎

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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