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Saudi Company for Hardware Announces Obtaining a Islamic banking facilities agreement

Element ListExplanation
Introduction Saudi Company for Hardware (SACO) announces signing of Islamic banking facilities agreement with the Saudi British Bank (SABB)
Date of Receiving the Credit Facility 2019-11-13 Corresponding to 1441-03-16
Financier Saudi British Bank (SABB)
Credit Facility value 330,907,000 SR
Credit Facility duration Seven years including two year grace period effective from 14-11-2019.
Guarantees Provided for Credit Facility Promissory note amounting to : SR 330,907,000
Purpose of the Credit Facility To finance working capital and capital expenditure requirement
Related Parties Non

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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