Halwani Bros. Co. — Capital/Financing Update 2023

Dec 5, 2023

Halwani Brothers Company Announces Signing a Renewal of a Banking Facilities Agreement (Islamic Shariah - Compliant) with Banque Saudi Fransi.

6001 · 05/12/2023 15:49:54 · Announcement #77227 · View on Saudi Exchange

Halwani Brothers Company Announces Signing a Renewal of a Banking Facilities Agreement (Islamic Shariah - Compliant) with Banque Saudi Fransi.

Element List	Explanation
Introduction	Halwani Brothers Company announces signing a renewal of a banking facilities agreement (Islamic Shariah - compliant) with Banque Saudi Fransi.
Date of obtaining the funding	2023-12-05 Corresponding to 1445-05-21
Financing entity	Banque Saudi Fransi
Financing amount.	SAR 150 Million for working capital financing.
Financing duration.	The duration of financing the working capital is until the end of October 2024, and renewable on yearly basis.
Guarantees offered for the financing	Promissory Note for the total facility amount.
Financing objective	Working capital financing.
Related Parties	None

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