Al-Ashghal Al-Maysarah Company announces that credit facilities has been renewal and increase that comply with the provisions of Islamic Sharia from Al-Riyadh Bank.
Date of obtaining the funding
2025-09-16 Corresponding to 1447-03-24
Financing entity
Al-Riyadh Bank
Financing amount.
21,381,000 SAR
Financing duration.
12 months
Guarantees offered for the financing
Sponsorship of the Chairman of the Board of Directors, Eng. Sobhi Al-Jowair, and the CEO and Managing Director, Dr. Abdulaziz Al-Jowair
Financing objective
Covering final letters of guarantee worth 15,000,000 million Saudi riyals and 6,381,000 million for financing the purchase of capital assets
Related Parties
N/A
Additional Information
Obtaining the financing is in line with the company's strategic and expansion plan to achieve sustainable growth and expand projects in terms of quantity, geography, and type, and is expected to have a positive impact during 2025 and 2026.
Comments
Sorry!
You need to log in to your account on the website. If you don't have an account, you can register now to take advantage of this feature
Comments