| Element List | Explanation |
|---|---|
| Introduction | Al Moammar Information Systems Co. (MIS) Announces renewal and amendment of bank facility in compliant with Islamic Sharia with Arab National Bank as follow: |
| Date of obtaining the funding | 2021-11-24 Corresponding to 1443-04-19 |
| Financing entity | Arab National Bank |
| Financing amount. | SAR 220,000,000 |
| Financing duration. | valid till 31/07/2022 |
| Guarantees offered for the financing | Facility agreement secured by Promissory note to the amount of total facilities limit |
| Financing objective | Financing new project contracts and issuance of bank guarantees |
| Related Parties | Related parties. (sub-allocation facility line available for MIS 100% owned company EMS) |
| Additional Information | MIS signed the facility agreement on 09/12/2021. |
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.