| 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. |
