Al Moammar Information Systems Co. — Capital/Financing Update 2022

Nov 13, 2022

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

7200 · 13/11/2022 09:16:35 · Announcement #71010 · 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 the renewal and amendment of the bank facility in compliant with Islamic Sharia with The Gulf International Bank -Saudi Arabia as follows:
Date of obtaining the funding	2022-11-10 Corresponding to 1444-04-16
Financing entity	Gulf International Bank - Saudi Arabia
Financing amount.	SAR 150,000,000.00
Financing duration.	valid till 27/06/2023
Guarantees offered for the financing	Facility agreement secured by Promissory notes to the amount of total facilities limit
Financing objective	Invoice Payables, projects financing and issuance of letters of credit & guarantee
Related Parties	No.
Additional Information	MIS signed the facility agreement on Late evening of 10/11/2022

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