Monday, January 15, 2024 at 8:30 AM
Introduction: Osool & Bakheet Investment Company announces the signing of existing facilities amendment agreement with Banque Saudi Fransi, transforming it into a sharia compliant financing agreement.
Effective date of the agreement: 01/01/2024G, Corresponding to 19/06/1445H.
Financing entity: Banque Saudi Fransi.
Financing amount: 50,000,000 SAR.
Financing duration: 180 days due on 31/05/2024G, Corresponding to 23/11/1445H.
Guarantees offered for the financing: Promissory Note
Financing objective: To finance the company's current and future operations, support working capital, and issue Islamic payment guarantee letters.
Related parties: None.
Additional Information:
- There are no outstanding obligations / amounts based on the facilities agreement or financing agreement.
The necessary procedures have been completed, and the agreement was signed on 14/01/2024G, corresponding to 02/07/1445H.
