Announcement by the Arabian Mills Company for Food Products on the Board of Directors’ approval to make a voluntary prepayment of SAR 100 million under the existing Murabaha agreement with the Saudi Awwal Bank.
| Element List | Explanation |
|---|---|
| Announcement Detail | Arabian Mills Company for Food Products is pleased to announce that its Board of Directors has approved a voluntary prepayment of SAR 100 million toward the existing Murabaha agreement with the Saudi Awwal Bank.
This payment will contribute to reducing financing costs, which will positively impact on the company's financial results. This step comes as part of the company’s ongoing efforts to strengthen its financial position and ensure the sustainability of its performance. |
Comments