Saudi Tadawul Group Holding Co. announces obtaining of an Islamic Sharia-compliant banking facilities

Saudi Tadawul Group Holding Co. announces obtaining of an Islamic Sharia-compliant banking facilities

01 February 2024 03:29 PM

Element List

Explanation

Introduction

Saudi Tadawul Group Holding Co. (the Group) announces that it has obtained Islamic Sharia-compliant banking facilities from Al Rajhi Bank with the purpose of financing the Group’s mergers and acquisitions.

Date of obtaining the funding

2024-02-01 Corresponding to 1445-07-20

Financing entity

Al Rajhi Bank

Financing amount.

SAR 500 million

Financing duration.

• 12 months for the short-term financing • 5 years for the medium-term financing

Guarantees offered for the financing

Promissory note

Financing objective

Financing the Group’s mergers and acquisitions

Related Parties

There are no related parties

Additional Information

This agreement is aligned with the Group's strategic commitment to champion the Saudi capital market development, by continually executing the Group’s ambitious strategy, pursuing sustainable growth and diversify revenues.



Saudi Tadawul Group Holding Co. announces obtaining of an Islamic Sharia-compliant banking facilities