The Saudi Company for Pharmaceutical Industries and Medical Appliances announces the signing of a credit facility agreement with Banque Saudi Fransi.
- Date: 29-Aug-2022
- Source: Mubasher
- Sector:Industrial
- Country:Saudi Arabia
The Saudi Company for Pharmaceutical Industries and Medical Appliances announces the signing of a credit facility agreement with Banque Saudi Fransi.
|Element List||Explanation|
|Introduction||Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO ADDWAIEH) announces the signing of a credit facility agreement with Banque Saudi Fransi amounting to 225 million SAR.|
|Date of obtaining the funding||2022-08-28 Corresponding to 1444-02-01|
|Financing entity||Banque Saudi Fransi|
|Financing amount.|| The total value of the credit facilities is 225 million SAR (Sharia compliant) followings:
|
- Short-term facilities is (200 million SAR).
- Treasury Facility is (25 million SAR).
|Financing duration.||-One year (revolving loan on demand).|
|Guarantees offered for the financing||Promissory note|
|Financing objective||-The purpose of financing working capital requirements.|
|Related Parties||No more.|
|Additional Information||No more.|