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Tam Development Co. Announces Obtaining a bank facility in compliant with Islamic sharia - Tam DevelopmentTam Development
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Tam Development Co. Announces Obtaining a bank facility in compliant with Islamic sharia


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.


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