| Introduction | Al Kathiri Holding Company announces that Alian Industry Company, a subsidiary of Al Kathiri Holding Company, has signed an agreement with Riyad bank to provide credit facilities (compliant with the provisions of Islamic law) |
| Date of obtaining the funding | 2021-08-10 Corresponding to 1443-01-02 |
| Financing entity | Riyad Bank |
| Financing amount. | SR 6,000,000 |
| Financing duration. | The period of the credit facilities is one year and may be extended for further periods |
| Guarantees offered for the financing | Promissory notes |
| Financing objective | 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 | With this financing, the total facilities granted by Riyad bank to Alian Industry Company amount to 24,000,000 Saudi Riyal |
