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The National Shipping Company of Saudi Arabia (Bahri) announces Obtaining the National Chemical Carriers Co., Ltd. (subsidiary) murabaha financing

Element ListExplanation
Date of obtaining the funding 2021-01-21 Corresponding to 1442-06-08
Financing entity Samba Financial Group.
Financing amount. SAR 1.23 Bn.
Financing duration. 12 Years.
Guarantees offered for the financing Lien on the tankers being financed.
Financing objective Covering 80% of the cost of Building 10 chemical tankers with a capacity of 49,999 DWT each, which was announced back in 2020-08-20 Corresponding to 1442-01-01.
Related Parties N/A.

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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