BAAN Holding Group Co. — Capital/Financing Update 2021

Feb 17, 2021

Abdulmohsen Alhokair Group for Tourism and Development Announces Rescheduling Islamic banking facilities offered by (the Saudi British bank (SABB

1820 · 17/02/2021 15:37:54 · Announcement #61955 · View on Saudi Exchange

Abdulmohsen Alhokair Group for Tourism and Development Announces Rescheduling Islamic banking facilities offered by (the Saudi British bank (SABB

Element List	Explanation
Introduction	Abdul Mohsen Al Hokair Group Company for Tourism and Development is pleased to announce to its shareholders the signing of an agreement to reschedule Islamic banking facilities with the Saudi British Bank (SABB), which will have a positive impact on managing the cash flow for the company's.
Date of singing the rescheduling of finance	2021-02-17 Corresponding to 1442-07-05
Financing entity	(the Saudi British bank (SABB
Reasons for rescheduling	To suit the company's cash flow conditions
The Financing amount and rescheduled part	The balance of facility agreement amounting SAR 89,024,485.52
Financing Duration, before and after Rescheduling	Murabaha Liquidity finance by metal (Tawarruq) by amount SAR 74,674,094.80

Financing term before the rescheduling was Four years including One year Grace period.

Financing term after the rescheduling is Five years including One year Grace period.

Murabaha Liquidity finance by metal (Tawarruq) by amount SAR 14,350,390.72

Financing term before the rescheduling was Five years including One year Grace period.

Financing term after the rescheduling is Six years including One year Grace period. 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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