| Element List | Explanation |
|---|---|
| Introduction | With reference to Tadweeer company’s announcement on Tadawul website dated 05/08/1446H corresponding to 04/02/2025G regarding obtaining credit facilities amounting to SAR 170 million from The Saudi Awwal Bank, which included the following: 1. SAR 45 million bank guarantee in favor of a government lending institution for the purpose of completing a loan of SAR 90 million. 2. SAR 90 million bridge financing for the intended loan with the government entity. 3. SAR 35 million for working capital financing. The company would like to announce that on 5th Rabi Al-Awwal 1447H corresponding to 28 August 2025, the loan agreement with the Saudi Industrial Development Fund, amounting to SAR 90 million, was received and signed. |
| Previous Announcement | Announcement by Tadweeer Company regarding obtaining Shariah-compliant credit facilities from The Saudi Awwal Bank amounting to SAR 170 million, which included: SAR 45 million bank guarantee in favor of a government lending institution for the purpose of completing a loan of SAR 90 million, SAR 90 million bridge financing to be made available upon signing the facilities agreement with the government entity, in addition to SAR 35 million for working capital financing. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-02-04 Corresponding to 1446-08-05 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Receiving and signing the loan agreement with the Saudi Industrial Development Fund in the amount of SAR 90 million. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |