Tam Development Company Announces the Signing of Sharia Compliant Banking Facilities Agreement

Element ListExplanation
IntroductionTam Development Company Announces the Signing of Sharia Compliant Banking Facilities Agreement
Date of obtaining the funding2024-03-25 Corresponding to 1445-09-15
Financing entityBANQUE SAUDI FRANSI
Financing amount.25,000,000
Financing duration.12 Months
Guarantees offered for the financingA promissory note worth 100% of the total value of the facilities
Financing objectiveIssuing various bank letters of guarantee and multi-purpose financing
Related PartiesNot Applicable
Additional InformationThe agreement is dated January 25, 2023, but the signatures on the agreement were not completed until March 25, 2023.