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22 July, 2024 15:40
Al Moammar Information Systems Co.(MIS) Announces Obtaining a Bank Facility in Compliant with Islamic Sharia
Element List | Explanation |
---|---|
Introduction | Al Moammar Information Systems Co. (MIS) Announces renewal and amendment of bank facility in compliant with Islamic Sharia with Saudi Awwal Bank as follows: |
Date of obtaining the funding | 2024-07-17 Corresponding to 1446-01-11 |
Financing entity | Saudi Awwal Bank |
Financing amount. | 340,265,843.00 SAR |
Financing duration. | valid till July 16, 2025 |
Guarantees offered for the financing | Facility agreement secured by Promissory notes to the amount of total facilities limit |
Financing objective | Invoice Payables, projects financing and issuance of letters of credit & guarantee |
Related Parties | Not Applicable |
Additional Information | MIS signed the facility agreement on 22/07/2024 |
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