| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | Filling and Packing Materials MFG. Co. (FIPCO) announces of renewal banking facility agreement (Shariah-compliant) with Bank Albilad as follows: |
| Date of obtaining the funding | 2021-04-12 Corresponding to 1442-08-30 |
| Financing entity | Bank Albilad |
| Financing amount. | SR 30 Million |
| Financing duration. | starting from Mar. 28, 2021 and ends in Aug. 18, 2022 |
| Guarantees offered for the financing | The facility is secured by a promissory note in favor of Bank Albilad |
| Financing objective | The purpose of this facility is to finance the working capital for FIPCO and its subsidiary (FPC) |
| Related Parties | No related Parties involved in this agreement. |
| Additional Information | The final approved agreement was obtained on 12/04/2021. |
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