Al Hammadi Holding — Capital/Financing Update 2016

Dec 25, 2016

Al Hammadi Company for Development and Investment announces obtaining a Islamic Financing Facility

4007 · 25/12/2016 15:29:56 · Announcement #44860 · View on Saudi Exchange

Al Hammadi Company for Development and Investment announces obtaining a Islamic Financing Facility

Al Hammadi Company for Development and Investment announces the signing of Islamic Financing Facility agreement with Arab National Bank as following:

1.loan was signed on 24-12-2016

2.Loan amount of SAR 312.5 Millions

3.The purpose of the loan is to refinance the Company current financing facilities with better terms and conditions compared to the existing facilities, as well as enhancing the Company working capital to support the growing business operations.

4.Loan guarantee : promissory note of the total facility value to the benefit of Arab National Bank.

5.Further information: Financing period is 5 years (including 2 years grace period) and no related parties involved.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.