Element List | Explanation |
---|---|
Introduction | Tam Development Company Announces the Signing of Sharia Compliant Banking Facilities Agreement |
Date of obtaining the funding | 2023-11-12 Corresponding to 1445-04-28 |
Financing entity | Bank Aljazira |
Financing amount. | 15 million Saudi riyals |
Financing duration. | 12 Months |
Guarantees offered for the financing | A promissory note worth 110% of the total value of the facilities |
Financing objective | Bank guarantees facilities and Short-term Finance facility (if needed) |
Related Parties | Not Applicable |
Additional Information | The agreement is dated October 24, 2023, but the signatures on the agreement were not completed until November 12, 2023. |