| Element List | Explanation |
|---|---|
| Introduction | Wafrah for Industry and Development Company announces that it has obtained credit facilities compatible with the provisions of Islamic Sharia from Saudi National Bank with a total value of 50,000,000 Saudi riyals. |
| Date of obtaining the funding | 2024-08-01 Corresponding to 1446-01-26 |
| Financing entity | (Saudi National Bank) |
| Financing amount. | 50,000,000 Saudi riyals |
| Financing duration. | 1 year |
| Guarantees offered for the financing | Promissory Note |
| Financing objective | Islamic financing agreement for issuing all types of credits, direct payment of invoices, and financing working capital. |
| Related Parties | none |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.