Filing and Packing Materials Manufacturing Co. — Capital/Financing Update 2021

Apr 12, 2021

FILLING & PACKING MATERIAL. MFG. CO. (FIPCO) announces of renewal banking facility agreement (Shariah-compliant) with Bank Albilad

2180 · 12/04/2021 15:22:59 · Announcement #62782 · View on Saudi Exchange

FILLING & PACKING MATERIAL. MFG. CO. (FIPCO) announces of renewal banking facility agreement (Shariah-compliant) with Bank Albilad

Element List	Explanation
Introduction	Filling and Packing Materials MFG. Co. (FIPCO) announces of renewal banking facility agreement (Shariah-compliant) with Bank Albilad as follows:
Date of obtaining the funding	2021-04-12 Corresponding to 1442-08-30
Financing entity	Bank Albilad
Financing amount.	SR 30 Million
Financing duration.	starting from Mar. 28, 2021 and ends in Aug. 18, 2022
Guarantees offered for the financing	The facility is secured by a promissory note in favor of Bank Albilad
Financing objective	The purpose of this facility is to finance the working capital for FIPCO and its subsidiary (FPC)
Related Parties	No related Parties involved in this agreement.
Additional Information	The final approved agreement was obtained on 12/04/2021.

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