MIS renews, amends SAR 270 mln facility agreement with SAB

10/08/2023 Argaam
Logo ofAl Moammar Information Systems Co. (MIS)

Logo of Al Moammar Information Systems Co. (MIS)

Al Moammar Information Systems Co. (MIS) announced the renewal and amendment of a Shariah-compliant credit facilities agreement with Saudi Awwal Bank (SAB), with a financing value of SAR 269.96 million, according to a Tadawul filing.

 

The financing period extends until Dec. 31, 2023, as the agreement is secured by a promissory note, MIS stated.

 

The agreement is aimed at financing new projects and issuing letters of credit and guarantee.

 

MIS obtained the financing on Aug. 2 and signed the agreement on Aug. 9.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.