Arabian Internet and Communications Services Company (solutions) announces that its subsidiary (Giza Systems), and (VAS) company, a subsidiary of Giza Systems, have signed Sharia compliant syndicated bank facilities agreements with several banks, led by Abu Dhabi Islamic Bank – Egypt.

Arabian Internet and Communications Services Company (solutions) announces that its subsidiary (Giza Systems), and (VAS) company, a subsidiary of Giza Systems, have signed Sharia compliant syndicated bank facilities agreements with several banks, led by Abu Dhabi Islamic Bank – Egypt.

Element List

Explanation

Introduction

Arabian Internet and Communications Services Company (solutions) announces that its subsidiary, )Giza Systems( and )VAS( company, a subsidiary of Giza Systems, have signed Sharia compliant syndicated bank facilities agreements with several banks, led by Abu Dhabi Islamic Bank – Egypt and Abu Dhabi Islamic Capital as financial advisor.

Date of obtaining the funding

2024-01-31 Corresponding to 1445-07-19

Financing entity

Banks participating in the Egyptian Pounds facilities tranche: • Abu Dhabi Islamic Bank – Egypt • Bank ABC – Egypt • Credit Agricole – Egypt • Emirates NBD - Egypt • Arab Bank - Egypt • ADCB - Egypt • Ahli United Bank – Egypt • Al Baraka Bank - Egypt Banks participating in the US Dollars facilities tranche: • Bank ABC – Bahrain • Ahli United Bank – Bahrain • ADCB - UAE

Financing amount.

Total value of the banking facilities for the two companies: 1) 2,820,000,000 Egyptian Pounds. 2) 84,000,000