Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group) signed today, April 25, 2021, an agreement to reschedule banking facilities worth SAR 168 million with Al Rajhi Bank, the company said in a bourse filing.
The move came in line with the company's cash flows, which will have a positive impact on enhancing its performance during the next period.
The original loan term ends in 2025; however, after debt rescheduling, it will end in 2027.
A promissory note was offered as a guarantee for the rescheduled financing, Alhokair said, adding that there are no related parties to the deal.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}