| Introduction | Al Kathiri Holding Co. announces amended and renewal of bank facility agreement (Shariah-compliant) with The National Commercial Bank and Increase the value of facilities from SR 3,000,000 to SR 5,000,000 as follows: |
| Date of Receiving the Credit Facility | 2020-01-06 Corresponding to 1441-05-11 |
| Financier | The National Commercial Bank |
| Credit Facility value | SR 5,000,000 after add of SR 2,000,000 to the facilities Value |
| Credit Facility duration | The facility period extends to 31-08-2020 and can be extended for further periods |
| Guarantees Provided for Credit Facility | Promissory notes |
| Purpose of the Credit Facility | The purpose of this facility is to finance the company’s working capital and to meet other business requirements |
| Related Parties | No related parties on this agreement |
| Additional Information | The total amount of facilities granted by The National Commercial Bankto the Company is SR 5,000,000 |
