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

Jan 28, 2021

Al Moammar Information Systems Co (MIS) announces The renewal and modification of a sharia-compliant credit facility agreement.

7200 · 28/01/2021 15:35:40 · Announcement #61774 · View on Saudi Exchange

Al Moammar Information Systems Co (MIS) announces The renewal and modification of a sharia-compliant credit facility agreement.

Element List	Explanation
Introduction	Al Moammar Information Systems Company (MIS) announces the renewal and modification of a Sharia-compliant credit facility agreement from the Saudi British Bank (SABB) (Islamic Finance Agreement) as follows:
Date of obtaining the funding	2021-01-26 Corresponding to 1442-06-13
Financing entity	The Saudi British Bank (SABB).
Financing amount.	216,250,706.00 SR
Financing duration.	Effective from 28/01/2021 to 31/12/2021
Guarantees offered for the financing	Promissory Note in favor of The Saudi British Bank (SABB).
Financing objective	Financing new projects & Supply Chain.
Related Parties	There are no related parties
Additional Information	Facility signed by MIS on 28/01/2021.

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