Riyadh Cables Group Co. — Capital/Financing Update 2023

Aug 15, 2023

Riyadh Cables Group Co. Announces Obtaining a Bank facility with Saudi Exim Bank

4142 · 15/08/2023 08:17:52 · Announcement #75469 · View on Saudi Exchange

Riyadh Cables Group Co. Announces Obtaining a Bank facility with Saudi Exim Bank

Element List	Explanation
Introduction	Riyadh Cables Group Co. Announces signing of a credit facility agreement with Saudi Exim Bank for Export & Pre-export Working Capital financing
Date of obtaining the funding	2023-08-14 Corresponding to 1445-01-27
Financing entity	Saudi Exim Bank
Financing amount.	Six hundred million Saudi riyals
Financing duration.	Valid till 30/04/2024
Guarantees offered for the financing	Promissory note covering 100% of the value of the credit facilities
Financing objective	- Financing the working capital needs of the client's export activities

- Financing pre-export working capital needs Related Parties No related parties Additional Information Financing is sharia compliant

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.