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Banan Real Estate Company announces that the company has signed an agreement with Riyad Bank to provide credit facilities (in compliance with Shariah regulations)
04/04/2023
| Element List | Explanation |
|---|---|
| Introduction | Banan Real Estate Company announces that the company has signed an agreement with Riyad Bank to provide credit facilities (in compliance with Shariah regulations) |
| Date of obtaining the funding | 2021-11-30 Corresponding to 1443-04-25 |
| Financing entity | Riyad Bank |
| Financing amount. | The total value of the bank facilities is 32,500,000 riyals |
| Financing duration. | 7 years |
| Guarantees offered for the financing | Mortgage of 2 buildings owned by the company. In addition to a promissory note of 32,500,000 riyals |
| Financing objective | Financing the expansion of real estate investment. |
| Related Parties | No related parties on this agreement |
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