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BAAN Holding Group Co. — Capital/Financing Update 2021
Apr 25, 2021
53278_rns_2021-04-25_c1fc42b2-87c7-4bd9-8668-4614654919c0.html
Capital/Financing Update
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Abdulmohsen Alhokair Group for Tourism and Development Announces Rescheduling Islamic banking facilities offered by Al Rajhi Bank
1820 · 25/04/2021 16:25:08 · Announcement #63001 · View on Saudi Exchange
Abdulmohsen Alhokair Group for Tourism and Development Announces Rescheduling Islamic banking facilities offered by Al Rajhi 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 Al Rajhi Bank, which will have a positive impact on enhancing the company's performance during the next period. |
| Date of singing the rescheduling of finance | 2021-04-25 Corresponding to 1442-09-13 |
| Financing entity | Al Rajhi Bank |
| Reasons for rescheduling | To suit the company's cash flow conditions |
| The Financing amount and rescheduled part | The balance of facility agreement amounting SAR 168,000,000.00 |
| Financing Duration, before and after Rescheduling | - Letter of credit Musharakah/Bai Agel by amount SAR 69,000,000.00 |
- Bai Agel SAR by amount SR 99,000,000.00
The financing period ends before scheduling in 2025, and after scheduling, it ends in 2027 Guarantees offered for the rescheduled Financing Promissory note Related Parties There are no related parties Additional Information There are no additional information'
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.