Saudi Cable Company announces the signature of a rescheduling agreement with its last commercial lender
|Date of Signing the Credit Facility Rescheduling||2020-06-01 Corresponding to 1441-10-09|
|Reasons for rescheduling||Loan overdue unsettled|
|Credit facility Amount and Rescheduled Amount||264,176,483 SAR|
|Financing Duration, before and after Rescheduling||For SAR 58,300,000 : 2 years with 6 months grace, |
For SAR 205,876,483 : 4 years extendable to 5 years if 58,300,000/ are settled within 2 years
|Guarantees Provided for the Rescheduled Credit Facility||signed Promissory Note|
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.