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The Saudi Fisheries Company ‎announces that it has ‎obtained a banking facility ‎agreement (Medium-term ‎tawarruq) from the Alrajhi ‎Bank

Element ListExplanation
Introduction The Saudi Fisheries Company ‎and Alrajhi Bank signed an ‎agreement to obtain banking ‎facilities on 08-08-2022, ‎amounting to 40 million riyals ‎for a period of four years, for ‎financing operational ‎Activities.
Date of obtaining the funding 2022-08-08 Corresponding to 1444-01-10
Financing entity Al Rajhi Bank
Financing amount. ‎40 million Riyal‎
Financing duration. ‎4 Years‎
Guarantees offered for the financing Promissory note & Time ‎deposit
Financing objective for financing operational ‎Activities.
Related Parties There are no related parties.‎

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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