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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

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