Saudi Advanced Industries Co. — Capital/Financing Update 2021

Jun 30, 2021

Addendum Announcement from Saudi Advanced Industries Co. in regards to renewal of the bank facilities agreement

2120 · 30/06/2021 15:59:02 · Announcement #63975 · View on Saudi Exchange

Addendum Announcement from Saudi Advanced Industries Co. in regards to renewal of the bank facilities agreement

Element List	Explanation
Introduction	Further to the announcement of the Saudi Advanced Industries Company on the Tadawul website on 2/7/2018 AD regarding of a Shariah-compliant credit facility agreement with the Saudi Investment Bank, the company would like to announce that the renewal of the facilities has been approved as follow:

1. The value of the financing is 50,000,000 riyals

2. The financing period is three years, starting from 01-07-2021 AD.

3. The company's financing aims to support the activities and cover the expansion of the company's investments.

4. The financing was taken with a mortgage guarantee and a promissory note submitted by the company.

5. There are no related parties to the agreement. Date of Posting the Previous Announcement of Development on Tadawul's Website 2018-07-02 Corresponding to 1439-10-18 URL of the Previous Announcement Click Here Change on the Development to renew of the facilities agreement Financial Impact on the change there is no

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