AnnouncementDetails

Actions

Abdullah A. M. Al-Khodari Sons Company announces the renewal of Islamic Credit Facilities Agreement with Alawwal Bank.

Abdullah A. M. Al-Khodari Sons Company announces the signing of the renewal of Islamic credit agreement with Alawwal Bank on 18/04/2018 amounting to SAR 330 million (Saudi Riyals three hundred thirty million only).
The purpose of these credit facilities is to provide bonding commitments and fund capital requirements and working capital needs for the company's general purposes and specific projects. The modes of utilization are murabaha financing, multi bonds and documentary credit. These credit facilities are comprised of 50% Murabaha financing and 50% multi bonds.
The facilities are secured by promissory note and assignment of the contract proceeds of the financed projects. The credit agreement shall be due for renewal after one year; however, the credit limits will mature over the life of the prospective financed projects. The major amounts of Murabaha facilities are settled at 50% of collected amounts from the financed projects.

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.

Company Profile

Actions

Company Profile

Summary

Last Price Net Change
7.53 -0.04 (-0.53%)
Value Traded (SAR) Volume Traded
4,274,578.88 567,454

RelatedAnnouncementPortlet

Actions

Related Announcements

A 1330 ALKHODARI -0.04 (-0.53%)

1439/10/28   12/07/2018 08:01:23

Abdullah A. M. Al-Khodari Sons Company announces the renewal of Islamic Facilities Agreement.

A 1330 ALKHODARI -0.04 (-0.53%)

1439/10/21   05/07/2018 15:55:44

No Translation. See Arabic version.

A 1330 ALKHODARI -0.04 (-0.53%)

1439/09/21   05/06/2018 15:19:28

No translation. See Arabic version.

A 1330 ALKHODARI -0.04 (-0.53%)

1439/09/16   31/05/2018 08:03:32

No translation. See Arabic version.

View all announcements