TAM secures SAR 20M Islamic facilities from Bank Albilad

25/01/2024 Argaam
Logo ofTAM Development Co.

Logo of TAM Development Co.

TAM Development Co. signed a Shariah-compliant facilities agreement for SAR 20 million with Bank Albilad. 

 

The agreement, which dates back to Jan. 7, was signed on Jan. 24. It is valid for 12 months, TAM said in a statement to Tadawul. 

 

A promissory note was provided to guarantee 109% of the total value of the facilities.

 

The finance aims to provide bank guarantee facilities and short-term financing, if necessary, TAM added.

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.