News & Announcements

MIS

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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