Maharah Human Resources Company announces that it has obtained long-term Murabaha loans (Shariah compliant) from Al Rajhi Bank and Saudi British Bank (SABB)

Maharah Human Resources Company announces that it has obtained long-term Murabaha loans (Shariah compliant) from Al Rajhi Bank and Saudi British Bank (SABB)

|Element List||Explanation|

|Introduction||Maharah Human Resources Company announces that it has obtained long-term Murabaha loans (Shariah compliant) from Al Rajhi Bank and Saudi British Bank (SABB)|

|Date of obtaining the funding||2022-08-18 Corresponding to 1444-01-20|

|Financing entity|| Al Rajhi Bank

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|Financing amount.|| As follows:

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SAR 181.5 million long-term loan from Al Rajhi Bank

SAR 181 million long-term loan from Saudi British Bank (SABB)

|Financing duration.||Seven years, including two years grace period|

|Guarantees offered for the financing||Corporate promissory notes covering the total facilities value.|

|Financing objective||The purpose of the loans is to finance future acquisitions of the company.|

|Related Parties||No related parties to this agreement|

|Additional Information||No administration fees or up-front fees applied on the facilities.|