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Tanmiah Food Co. announces that one of its subsidiaries has obtained a Shariah Compliant long-term financing facility from Rabobank

Element ListExplanation
Introduction Tanmiah Food Company announces that its subsidiary, Agriculture Development Company (ADC), has obtained a Long-Term financing facility valued at EUR 48.2 million from Rabobank to fund poultry production expansion.
Date of obtaining the funding 2022-08-04 Corresponding to 1444-01-06
Financing entity Coöperatieve Rabobank U.A
Financing amount. EUR 48.2 million
Financing duration. 9 Years.
Guarantees offered for the financing Promissory Note, Cross company guarantee from

Tanmiah Food Co.

Financing objective To fund the capacity expansion of the company’s production facilities
Related Parties None
Additional Information None
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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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