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Banan Real Estate Company announces has signed an agreement with Arab National Bank to provide credit facilities (in compliance with Shariah regulations)
04/04/2023
Element List | Explanation |
---|---|
Introduction | Banan Real Estate Company announces has signed an agreement with Arab National Bank to provide credit facilities (in compliance with Shariah regulations) |
Date of obtaining the funding | 2021-11-02 Corresponding to 1443-03-27 |
Financing entity | Arab National Bank |
Financing amount. | The total value of the bank facilities is 40,000,000 riyals |
Financing duration. | 7 years |
Guarantees offered for the financing | Mortgage of a building owned by the company. In addition to a promissory note of 40 million riyals |
Financing objective | Financing the expansion of real estate investment. |
Related Parties | No related parties on this agreement |