Al Kathiri Holding Co. announces obtaining of Banking Facility Agreement (Shariah-Compliant).

IntroductionAl Kathiri Holding Co announces a Shariah-compliant banking facility with Riyad bank
Date of receiving Credit Facility2018-12-23 Corresponding to 1440-04-16
CreditorRiyad bank
Credit Facility value6,521,000 SR
Credit Facility durationFrom the date of signing the agreement to 12/06/2021
Guarantees provided for credit facilityThe facility is secured by a promissory note (equivalent to facility value) in favor of the bank
Reason for Credit FacilityThe purpose of this facility is to finance the company’s working capital and to meet other business requirements.
Related PartiesNo related parties on this agreement
Additional InformationNone