The Saudi Company for Pharmaceutical Industries and Medical Appliances announces the signing of a credit facility agreement with Gulf International Bank.

The Saudi Company for Pharmaceutical Industries and Medical Appliances announces the signing of a credit facility agreement with Gulf International Bank.

|Element List||Explanation|

|Introduction||Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO ADDWAIEH) announces the signing of a credit facility agreement with Gulf International Bank amounting to 485 million SAR.|

|Date of obtaining the funding||2022-08-28 Corresponding to 1444-02-01|

|Financing entity||Gulf International Bank|

|Financing amount.|| The total value of the credit facilities is 485 million SAR (Sharia compliant) followings:

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- Short-term facilities is (200 million SAR).

- Long-term facilities is (250 million SAR).

- Treasury Facility is (35 million SAR).

|Financing duration.|| - Short-term facilities for one year (revolving loan on demand).

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-Long-term facilities for 6 years including 2 years grace period.

|Guarantees offered for the financing||Promissory note|

|Financing objective|| -Short-term facilities for the purpose of financing working capital requirements.

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-Long-term facilities for the purpose of financing future expansions and investments.

|Related Parties||No more|

|Additional Information||No more|