| Element List | Explanation |
|---|---|
| Introduction | Saudi Parts Center Co. Announces the signing of a credit facilities agreement in compliance with Islamic Sharia with The Saudi Investment Bank |
| Date of obtaining the funding | 2026-04-14 Corresponding to 1447-10-26 |
| Financing entity | Saudi Investment Bank |
| Financing amount. | 30,000,000 Saudi Riyal |
| Financing duration. | From 14/04/2026 to 30/11/2026 |
| Guarantees offered for the financing | A promissory note by the company with the total value of the facility |
| Financing objective | To import/purchase materials to finance working capital requirements |
| Related Parties | There are no related parties |
| Additional Information | For any inquire please contact Investor Relations at: Phone No: 0118212553, Email: aaltayyar@spc-parts.com |
Saudi Parts Center Co. Announces Obtaining a Credit facilities for working capital financing
AI Summary
- Saudi Parts Center Co. signed a Sharia-compliant credit facility agreement with the Saudi Investment Bank for SAR 30 million.
- The financing period runs from April 14, 2026, to November 30, 2026, and is secured by a promissory note for the total value.
- The company will use the funds to import and purchase materials to support its working capital requirements.
