4320 · 31/08/2023 08:17:40 · Announcement #75677 · View on Saudi Exchange

Alandalus Property Co. Announces obtaining a long-term Tawaruq Bank Facility (Shari’ah Compliant) from Saudi Awwal Bank (SAB), Value of 143,100,000 Saudi Riyals

Element ListExplanation
Date of obtaining the funding 2023-08-30 Corresponding to 1445-02-14
Financing entity Saudi Awwal Bank (SAB)
Financing amount. 143,100,000 Saudi Riyals
Financing duration. 7 Years
Guarantees offered for the financing Promissory note and Mortgage of the property
Financing objective Contribution in financing new projects for the company and its expansion investments
Related Parties Not Exist
Additional Information Not Exist

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