Basic Chemical Industries Co. — Capital/Financing Update 2022

Oct 4, 2022

Basic Chemical Industries Co. Announces Obtaining a Credit Facility from Gulf International Bank

1210 · 04/10/2022 08:03:39 · Announcement #70366 · View on Saudi Exchange

Basic Chemical Industries Co. Announces Obtaining a Credit Facility from Gulf International Bank

Element List	Explanation
Introduction	Basic Chemical Industries Company announces the signing of a Credit Facility contract with Gulf International Bank
Date of obtaining the funding	2022-10-03 Corresponding to 1444-03-07
Financing entity	Gulf International Bank
Financing amount.	SR 125 M (One Hundred Twenty-Five Million Saudi Riyal)
Financing duration.	One Year (Revolving)
Guarantees offered for the financing	Promissory Note
Financing objective	Finance Working Capital and Treasury Facilities
Related Parties	None.
Additional Information	Working Capital Facilities Amounting to SR 120M (One Hundred Twenty Million Saudi Riyal)

Treasury Facilities amounting to SR 5M (Five Million Saudi Riyal)

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.