BAAN Holding Group Co. — Capital/Financing Update 2021

Jun 21, 2021

Abdulmohsen Alhokair Group for Tourism and Development Announces Rescheduling Islamic banking facilities offered by The Saudi Investment Bank

1820 · 21/06/2021 15:27:17 · Announcement #63828 · View on Saudi Exchange

Abdulmohsen Alhokair Group for Tourism and Development Announces Rescheduling Islamic banking facilities offered by The Saudi Investment Bank

Element List	Explanation
Introduction	The Abdul Mohsen Al Hokair Group Company for Tourism and Development is pleased to announce to the honorable shareholders the signing of an agreement to reschedule banking facilities agreement with The Saudi Investment bank, which will have a positive impact on enhancing the company's performance during the next period.
Date of singing the rescheduling of finance	2021-06-21 Corresponding to 1442-11-11
Financing entity	The Saudi Investment Bank
Reasons for rescheduling	To suit the company's cash flow conditions
The Financing amount and rescheduled part	- Total Facility Balance is SAR 147,200,000.00

- the amount that will be restructure is SAR 64,500,000.00 Financing Duration, before and after Rescheduling A- The financing period before the scheduling as follow:

1- June 2021 is due date for financing by amount SAR 7,800,000.00.

2- June 2021 is due date for financing by amount SAR 18,300,000.00.

3- May 2024 is due date for financing by amount SAR 38,400,000.00.

B- The financing period after the scheduling as follow:

December 2024 is the due date of the rescheduling amount including grace period for year 2020 & 2021. Guarantees offered for the rescheduled Financing Promissory note Related Parties There are no related parties Additional Information There are no additional information'

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