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Zahrat Al Waha for Trading Co. announces the renewal of the credit facilities agreement that is in line with the Sharia regulations with Arab National Bank

Element ListExplanation
Introduction Zahrat Al Waha for Trading Co. announces the renewal of the credit facilities agreement that is in line with the Sharia regulations with Arab National Bank
Date of obtaining the funding 2022-08-11 Corresponding to 1444-01-13
Financing entity Arab National Bank
Financing amount. 148,718,789 SR
Financing duration. From 11-08-2022 to 31-05-2023
Guarantees offered for the financing Order Notes by the company with the total value of the facilities
Financing objective Opening LCs for purchase raw materials, machinery, and equipment
Related Parties There are no related parties
Additional Information The limit for opening LCs and short-term facilities to finance working capital has been renewed at an amount of 110,000,000 SR.

The limit for opening LCs and long-term facilities to finance the purchase of machinery and equipment has been renewed at an amount of 38,718,789 SR.

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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