Al Moammar Information Systems Co. (MIS) Announces the renewal and amendment of bank facility in compliant with Islamic Sharia with The Saudi Investment Bank

Al Moammar Information Systems Co. (MIS) Announces the renewal and amendment of bank facility in compliant with Islamic Sharia with The Saudi Investment Bank

Element List

Explanation

Introduction

Al Moammar Information Systems Co. (MIS) Announces renewal and amendment of bank facility in compliant with Islamic Sharia with The Saudi Investment Bank as follow:

Date of obtaining the funding

2023-10-23 Corresponding to 1445-04-08

Financing entity

The Saudi Investment Bank

Financing amount.

SAR 136,800,000

Financing duration.

valid till 30/04/2024

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 29/01/2024

Al Moammar Information Systems Co. (MIS) Announces the renewal and amendment of bank facility in compliant with Islamic Sharia with The Saudi Investment Bank