{"id":12918,"date":"2020-04-28T00:00:00","date_gmt":"2020-04-27T21:00:00","guid":{"rendered":"https:\/\/fipco.com.sa\/new\/4031-2\/"},"modified":"2024-12-19T11:36:47","modified_gmt":"2024-12-19T08:36:47","slug":"4031-2","status":"publish","type":"post","link":"https:\/\/fipco.com.sa\/new\/4031-2\/","title":{"rendered":"FIPCO announces of renewal banking facility agreement (Shariah-compliant) with Bank Albilad"},"content":{"rendered":"<div class=\"table-1\">\n<p><strong>FILLING &amp; PACKING MATERIAL. MFG. CO. (FIPCO) announces of renewal banking facility agreement (Shariah-compliant) with Bank Albilad<\/strong><\/p>\n<table width=\"100%\">\n<thead>\n<tr>\n<th>ELEMENT LIST<\/th>\n<th>EXPLANATION<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Introduction<\/td>\n<td>Filling and Packing Materials MFG. Co. (FIPCO) announces of renewal banking facility agreement (Shariah-compliant) with Bank Albilad as follows:<\/td>\n<\/tr>\n<tr>\n<td>Date of Receiving the Credit Facility<\/td>\n<td>2020-04-27 Corresponding to 1441-09-04<\/td>\n<\/tr>\n<tr>\n<td>Financier<\/td>\n<td>Bank Albilad<\/td>\n<\/tr>\n<tr>\n<td>Credit Facility value<\/td>\n<td>SR 30 Million<\/td>\n<\/tr>\n<tr>\n<td>Credit Facility duration<\/td>\n<td>one year starting from Mar. 25, 2020 and ends in Mar. 25, 2021<\/td>\n<\/tr>\n<tr>\n<td>Guarantees Provided for Credit Facility<\/td>\n<td>The facility is secured by a promissory note in favor of Bank Albilad<\/td>\n<\/tr>\n<tr>\n<td>Purpose of the Credit Facility<\/td>\n<td>The purpose of this facility is to finance the working capital for FIPCO and its subsidiary (FPC Industries Co.)<\/td>\n<\/tr>\n<tr>\n<td>Related Parties<\/td>\n<td>No related Parties involved in this agreement.<\/td>\n<\/tr>\n<tr>\n<td>Additional Information<\/td>\n<td>The final approved agreement was obtained on 27\/04\/2020.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<\/div>\n<div id=\"chart_tab\">\n<p class=\"note\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>FILLING &amp; PACKING MATERIAL. MFG. CO. (FIPCO) announces of renewal banking facility agreement (Shariah-compliant) with Bank Albilad 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 Receiving the Credit Facility 2020-04-27 Corresponding to 1441-09-04 Financier Bank Albilad Credit Facility [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[138],"tags":[],"class_list":["post-12918","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/fipco.com.sa\/new\/wp-json\/wp\/v2\/posts\/12918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fipco.com.sa\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fipco.com.sa\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fipco.com.sa\/new\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fipco.com.sa\/new\/wp-json\/wp\/v2\/comments?post=12918"}],"version-history":[{"count":1,"href":"https:\/\/fipco.com.sa\/new\/wp-json\/wp\/v2\/posts\/12918\/revisions"}],"predecessor-version":[{"id":13119,"href":"https:\/\/fipco.com.sa\/new\/wp-json\/wp\/v2\/posts\/12918\/revisions\/13119"}],"wp:attachment":[{"href":"https:\/\/fipco.com.sa\/new\/wp-json\/wp\/v2\/media?parent=12918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fipco.com.sa\/new\/wp-json\/wp\/v2\/categories?post=12918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fipco.com.sa\/new\/wp-json\/wp\/v2\/tags?post=12918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}