Sadr Logistics Co. — Capital/Financing Update 2021

Sep 13, 2021

Sadr Logistics Co. Announces Obtaining a short term financing

1832 · 13/09/2021 08:01:57 · Announcement #64873 · View on Saudi Exchange

Sadr Logistics Co. Announces Obtaining a short term financing

Element List	Explanation
Introduction	Sadr Logistics Services Company announces that it has obtained Shariah-compliant financing from the Arab Bank, amounting to 5 million riyals through the Kafalah Fund within the small and medium enterprises Loan guarantee program.
Date of obtaining the funding	2021-09-12 Corresponding to 1443-02-05
Financing entity	Arab national Bank.
Financing amount.	5 million Saudi riyals
Financing duration.	One year.
Guarantees offered for the financing	A promissory note for the value of the financing amount and a guarantee of Kafalah Fund within the small and medium enterprises Loan guarantee program.
Financing objective	Financing imports under documentary credits opened by the bank.
Related Parties	There are no related parties involved in this transaction.

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