Al Moammar Information Systems Co. — Capital/Financing Update 2021

Dec 14, 2021

Al Moammar Information Systems Co.( MIS ) Announces Obtaining a Bank Facility in compliance with Islamic Sharia

7200 · 14/12/2021 09:09:15 · Announcement #65948 · View on Saudi Exchange

Al Moammar Information Systems Co.( MIS ) Announces Obtaining a Bank Facility in compliance with Islamic Sharia

Element List	Explanation
Introduction	Al Moammar Information Systems Co. (MIS) Announces renewal and amendment of bank facility in compliant with Islamic Sharia with National Bank of Kuwait as follow:
Date of obtaining the funding	2021-12-07 Corresponding to 1443-05-03
Financing entity	National Bank of Kuwait
Financing amount.	SAR 155,000,000
Financing duration.	valid till 31/08/2022
Guarantees offered for the financing	Facility agreement secured by Promissory note to the amount of total facilities limit
Financing objective	Financing new project contracts and issuance of bank guarantees
Related Parties	No Related parties.
Additional Information	MIS signed the facility agreement on 13/12/2021.

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