2281 · 05/08/2024 16:02:15 · Announcement #81788 · View on Saudi Exchange

Tanmiah Food Co announces that its secured (Shariah compliant) credit facilities from the National Bank of Kuwait

Element ListExplanation
Introduction Tanmiah Food Co. announces that its subsidiary, Agricultural Development Company (ADC), has obtained credit facilities worth SAR 120 million from the National Bank of Kuwait (NBK) to meet its working capital requirements.

These facilities are intended to support the sustainable growth and development of the company. Date of obtaining the funding 2024-08-05 Corresponding to 1446-02-01 Financing entity National Bank of Kuwait Financing amount. SAR 120 million Financing duration. For 1 Year Guarantees offered for the financing • Promissory Note

• Corporate Guarantee Financing objective To meet working capital requirement Related Parties None

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