2281 · 04/12/2024 15:42:26 · Announcement #84003 · View on Saudi Exchange

Tanmiah Food Co. announces that it has increased its existing short-term revolving Murabaha Facility with Gulf International Bank Saudi Arabia (GIB KSA)

Element ListExplanation
Introduction Tanmiah Food Co. announces it has increased its existing short-term revolving Murabaha Facility with Gulf International Bank Saudi Arabia (GIB KSA) from SAR 125 million to SAR 220 million.

This increase is aimed at supporting the working capital requirements of Tanmiah Food Company’s subsidiaries. Date of obtaining the funding 2024-12-04 Corresponding to 1446-06-03 Financing entity Gulf International Bank Saudi Arabia (GIB KSA) Financing amount. SAR 220 million Financing duration. One Year Guarantees offered for the financing Promissory Note Financing objective To meet working capital requirement Related Parties None

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