Sinad Holding Co. — Capital/Financing Update 2022

Mar 6, 2022

Aseer Trading, Tourism and Manufacturing Co. Announces Obtaining a Revolving shariah compliant short term Murabaha financing.

4080 · 06/03/2022 15:47:58 · Announcement #66972 · View on Saudi Exchange

Aseer Trading, Tourism and Manufacturing Co. Announces Obtaining a Revolving shariah compliant short term Murabaha financing.

Element List	Explanation
Introduction	Obtaining Short term financing for purchase and sell commodities revolving Murabaha from Alrajhi Bank.
Date of obtaining the funding	2022-03-06 Corresponding to 1443-08-03
Financing entity	Alrajhi Bank.
Financing amount.	SAR 200 Million.
Financing duration.	One year from FLA date and renewable annually.
Guarantees offered for the financing	Order note and pledge of shares.
Financing objective	To finance working capital requirements.
Related Parties	N/A

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