{"id":12934,"date":"2021-04-18T00:00:00","date_gmt":"2021-04-17T21:00:00","guid":{"rendered":"https:\/\/fipco.com.sa\/new\/filling-packing-material-mfg-co-fipco-announces-of-renewal-banking-facility-agreement-shariah-compliant-with-bank-albilad\/"},"modified":"2024-12-19T11:36:47","modified_gmt":"2024-12-19T08:36:47","slug":"filling-packing-material-mfg-co-fipco-announces-of-renewal-banking-facility-agreement-shariah-compliant-with-bank-albilad","status":"publish","type":"post","link":"https:\/\/fipco.com.sa\/new\/filling-packing-material-mfg-co-fipco-announces-of-renewal-banking-facility-agreement-shariah-compliant-with-bank-albilad\/","title":{"rendered":"FILLING &#038; PACKING MATERIAL. MFG. CO. (FIPCO) announces of renewal banking facility agreement (Shariah-compliant) with Bank Albilad"},"content":{"rendered":"<div>[fusion_table fusion_table_type=&#8221;1&#8243; fusion_table_rows=&#8221;&#8221; fusion_table_columns=&#8221;&#8221; hide_on_mobile=&#8221;small-visibility,medium-visibility,large-visibility&#8221; class=&#8221;&#8221; id=&#8221;&#8221; animation_type=&#8221;&#8221; animation_direction=&#8221;left&#8221; animation_speed=&#8221;0.3&#8243; animation_offset=&#8221;&#8221;]<\/div>\n<div><\/div>\n<div class=\"article_body\">\n<table class=\"stacktable large-only\" border=\"0\" width=\"80%\" cellspacing=\"0\" cellpadding=\"0\">\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 obtaining the funding<\/td>\n<td>2021-04-12 Corresponding to 1442-08-30<\/td>\n<\/tr>\n<tr>\n<td>Financing entity<\/td>\n<td>Bank Albilad<\/td>\n<\/tr>\n<tr>\n<td>Financing amount.<\/td>\n<td>SR 30 Million<\/td>\n<\/tr>\n<tr>\n<td>Financing duration.<\/td>\n<td>starting from Mar. 28, 2021 and ends in Aug. 18, 2022<\/td>\n<\/tr>\n<tr>\n<td>Guarantees offered for the financing<\/td>\n<td>The facility is secured by a promissory note in favor of Bank Albilad<\/td>\n<\/tr>\n<tr>\n<td>Financing objective<\/td>\n<td>The purpose of this facility is to finance the working capital for FIPCO and its subsidiary (FPC)<\/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 12\/04\/2021.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>[\/fusion_table]<\/p>\n<\/div>\n<div class=\"article_body\">\n<p>[fusion_builder_column align_self=&#8221;auto&#8221; content_layout=&#8221;column&#8221; align_content=&#8221;flex-start&#8221; content_wrap=&#8221;wrap&#8221; spacing=&#8221;&#8221; center_content=&#8221;no&#8221; link=&#8221;&#8221; target=&#8221;_self&#8221; min_height=&#8221;&#8221; hide_on_mobile=&#8221;small-visibility,medium-visibility,large-visibility&#8221; sticky_display=&#8221;normal,sticky&#8221; class=&#8221;&#8221; id=&#8221;&#8221; type_medium=&#8221;&#8221; type_small=&#8221;&#8221; type=&#8221;1_1&#8243; order_medium=&#8221;0&#8243; order_small=&#8221;0&#8243; dimension_spacing_medium=&#8221;&#8221; dimension_spacing_small=&#8221;&#8221; dimension_margin_medium=&#8221;&#8221; dimension_margin_small=&#8221;&#8221; padding_medium=&#8221;&#8221; padding_small=&#8221;&#8221; hover_type=&#8221;none&#8221; border_sizes=&#8221;&#8221; border_color=&#8221;&#8221; border_style=&#8221;solid&#8221; box_shadow=&#8221;no&#8221; box_shadow_blur=&#8221;0&#8243; box_shadow_spread=&#8221;0&#8243; box_shadow_color=&#8221;&#8221; box_shadow_style=&#8221;&#8221; gradient_start_color=&#8221;&#8221; gradient_end_color=&#8221;&#8221; gradient_start_position=&#8221;0&#8243; gradient_end_position=&#8221;100&#8243; gradient_type=&#8221;linear&#8221; radial_direction=&#8221;center center&#8221; linear_angle=&#8221;180&#8243; background_color=&#8221;&#8221; background_image=&#8221;&#8221; background_image_id=&#8221;&#8221; background_position=&#8221;left top&#8221; background_repeat=&#8221;no-repeat&#8221; background_blend_mode=&#8221;none&#8221; animation_type=&#8221;&#8221; animation_direction=&#8221;left&#8221; animation_speed=&#8221;0.3&#8243; animation_offset=&#8221;&#8221; filter_hue=&#8221;0&#8243; filter_saturation=&#8221;100&#8243; filter_brightness=&#8221;100&#8243; filter_contrast=&#8221;100&#8243; filter_invert=&#8221;0&#8243; filter_sepia=&#8221;0&#8243; filter_opacity=&#8221;100&#8243; filter_blur=&#8221;0&#8243; filter_hue_hover=&#8221;0&#8243; filter_saturation_hover=&#8221;100&#8243; filter_brightness_hover=&#8221;100&#8243; filter_contrast_hover=&#8221;100&#8243; filter_invert_hover=&#8221;0&#8243; filter_sepia_hover=&#8221;0&#8243; filter_opacity_hover=&#8221;100&#8243; filter_blur_hover=&#8221;0&#8243;][\/fusion_builder_column]<\/p>\n<\/div>\n<div id=\"chart_tab\">\n<p class=\"note\">\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[fusion_table fusion_table_type=&#8221;1&#8243; fusion_table_rows=&#8221;&#8221; fusion_table_columns=&#8221;&#8221; hide_on_mobile=&#8221;small-visibility,medium-visibility,large-visibility&#8221; class=&#8221;&#8221; id=&#8221;&#8221; animation_type=&#8221;&#8221; animation_direction=&#8221;left&#8221; animation_speed=&#8221;0.3&#8243; animation_offset=&#8221;&#8221;] 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 [&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-12934","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/fipco.com.sa\/new\/wp-json\/wp\/v2\/posts\/12934","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=12934"}],"version-history":[{"count":1,"href":"https:\/\/fipco.com.sa\/new\/wp-json\/wp\/v2\/posts\/12934\/revisions"}],"predecessor-version":[{"id":13111,"href":"https:\/\/fipco.com.sa\/new\/wp-json\/wp\/v2\/posts\/12934\/revisions\/13111"}],"wp:attachment":[{"href":"https:\/\/fipco.com.sa\/new\/wp-json\/wp\/v2\/media?parent=12934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fipco.com.sa\/new\/wp-json\/wp\/v2\/categories?post=12934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fipco.com.sa\/new\/wp-json\/wp\/v2\/tags?post=12934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}