Al Moammar Information Systems Co. (MIS) Announces the renewal and amendment of bank facility in compliant with Islamic Sharia with The Saudi Awwal Bank
- Date: 10-Aug-2023
- Source: Mubasher
- Sector:Financial Services
- Country:Saudi Arabia
Al Moammar Information Systems Co. (MIS) Announces the renewal and amendment of bank facility in compliant with Islamic Sharia with The Saudi Awwal Bank
Element List
Explanation
Introduction
Al Moammar Information Systems Co. (MIS) Announces renewal and amendment of bank facility in compliant with Islamic Sharia with Saudi Awwal Bank as follow:
Date of obtaining the funding
2023-08-02 Corresponding to 1445-01-15
Financing entity
Saudi Awwal Bank
Financing amount.
SAR 269,963,843
Financing duration.
valid till 31/12/2023
Guarantees offered for the financing
Facility agreement secured by Promissory notes to the amount of total facilities limit
Financing objective
Financing new project contracts and issuance of letters of credit & guarantee
Related Parties
Not Applicable
Additional Information
MIS signed the facility agreement on 09/08/2023
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