Al-Baha Investment & Development Co. announced update regarding the obtaining of the Elegant Centers Limited Company (the subsidiary company) on a credit facility agreement in compliance with the provisions of Islamic Sharia with the Arab National Bank, like to inform that on October 26, 2022, the value of the financing for the credit facilities was reduced by an amount of SAR 15,000,000. The amount will be from SAR 65,000,000 to SAR 50,000,000, and the financing period is five years with a grace period of six months, with other conditions remaining as they are.
Al-Baha Investment And Development Company
Equities
4130
SA0007879667
Real Estate Development & Operations
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May. 02 | Saudi Shares Close Flat Amid Earnings Buzz, OECD GDP Forecast | MT |
Apr. 14 | Al-Baha Investment And Development Company Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
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- Al-Baha Investment and Development Co. Announces an Update on Its Subsidiary Elegant Centers Co. Obtaining A Bank Loan in Compliance with Islamic Law