Al Moammar Information Systems Co. — Capital/Financing Update 2020

Dec 3, 2020

Al Moammar Information Systems Co (MIS) Announces Obtaining a Banking facilities agreement.

7200 · 03/12/2020 08:19:29 · Announcement #61265 · View on Saudi Exchange

Al Moammar Information Systems Co (MIS) Announces Obtaining a Banking facilities agreement.

Element List	Explanation
Introduction	Al Moammar Information Systems Co (MIS) announces the signing of a Sharia-compliant credit facility agreement as follows:
Date of Receiving the Credit Facility	2020-12-03 Corresponding to 1442-04-18
Financier	Al Rajhi Bank
Credit Facility value	500,000,000 SR (Five hundred Million Saudi riyals).
Credit Facility duration	Effective from 03 December 2020 ends on 31 December 2021
Guarantees Provided for Credit Facility	Promissory Note in favor of Al-Rajhi Bank.
Purpose of the Credit Facility	Financing new projects.
Related Parties	There are no related parties
Additional Information	All procedures including the final signature of the agreement were completed on 03 December 2020.

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