BAAN Holding Group Co. — Capital/Financing Update 2017

May 1, 2017

Abdulmohsen Alhokair Group for Tourism and Development announces obtaining a new Islamic Credit Facilities Agreement

1820 · 01/05/2017 15:10:19 · Announcement #46709 · View on Saudi Exchange

Abdulmohsen Alhokair Group for Tourism and Development announces obtaining a new Islamic Credit Facilities Agreement

Abdulmohsen Alhokair Group for Tourism and Development announces the signing of new Islamic Credit Facilities Agreement agreement with The Saudi Investment Bank as following:

1.loan was signed on 01-05-2017

2.Loan amount of SAR 45 Millions

3.Loan period duration from 20-04-2017 to 20-04-2018.

4.The purpose of the loan is to fund the expansion projects of the Company

5.Loan guarantee : The facilities are secured by a promissory note from the Company.

6.Further information: The credit facilities are comprised of term loans and will mature over a maximum tenor of 7 years including grace period of 2 years.

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