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12/12/2017 18:39 AST
Saudi Automotive Services Company (SASCO) announces completion of renewal and amended of the bank facility agreements (Shariah-compliant) with Saudi British Bank as follows:
1- The renewal and modulate of the facilities was signed on 12 December 2017.
2- The agreement was amended by increasing short-term financing of 50 SR million.
3- Facilities amounting to SR 177,967,726 , agreement include facilities of long term financing (SR 47,967,726), SR 80 million bank guarantees, and SR 50 million new short term financing.
4- The facility start from 07/12/2017 to 02 November 2021.
5- Guarantees for renewal and amendment of the agreement order note of SR 177,967,726.
6- The purpose of the financing is to finance the company's expansion plan and working capital requirements.
7- No related party on this agreement.
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Tadawul
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| JARIR | 12.56 | 0.04 (0.31 |
| EXTRA | 97.80 | 0.70 (0.72 |
| NICEONE | 41.65 | -2.90 (-6.51 |
| AMWAJINTERNATIONAL | 50.50 | 0.00 (0.00 |
| ALSAIFGALLERY | 7.82 | 0.07 (0.90 |
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Trade Arabia
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