Tanmiah Food Company announces that it secured a new (Shariah compliant) credit facility from Banque Saudi Fransi

Tanmiah Food Company announces that it secured a new (Shariah compliant) credit facility from Banque Saudi Fransi

19 December 2023 03:38 PM

Element List

Explanation

Introduction

Tanmiah Food Company announces that it has secured a new Long-term credit facility amounting to SAR 450 million from Banque Saudi Fransi to support its ongoing strategic expansion plans.

Date of obtaining the funding

2023-12-19 Corresponding to 1445-06-06

Financing entity

Banque Saudi Fransi

Financing amount.

SAR 450 million

Financing duration.

7 years from 1st drawdown

Guarantees offered for the financing

Promissory note

Financing objective

To support strategic expansion plans

Related Parties

None

Additional Information

None

Tanmiah Food Company announces that it secured a new (Shariah compliant) credit facility from Banque Saudi Fransi