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National Industrialization Co. Announces Obtaining a Murabaha Term Facility.

Element ListExplanation
Introduction National Industrialization Company (Tasnee) announces the signing of a Murabaha Facility Agreement with each of the Saudi British Bank (SABB) and Riyad Bank for the purpose of refinancing its existing facilities dated 02/10/2013 G. and 22/01/2015 G.
Date of Receiving the Credit Facility 2019-09-09 Corresponding to 1441-01-10
Financier Riyad Bank and The Saudi British Bank (SABB).
Credit Facility value SAR 3 billion.
Credit Facility duration 10 years.
Guarantees Provided for Credit Facility Promissory notes.
Purpose of the Credit Facility Refinancing the Company's existing facilities dated 02/10/2013 G. and 22/01/2015 G.
Related Parties None.
Additional Information The loan is payable in equal semi-annual installments with a final payment of SAR 1,195,000,000 due at Final Maturity.

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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