| Element List | Explanation |
|---|---|
| Introduction | Al-Fakhera for Mens Tailoring Co. announces that it has obtained Shariah-compliant credit facilities amounting to SAR 45,000,000 (Forty-Five Million Saudi Riyals) from Arab National Bank (anb). The agreement was signed, and the company received its copy on Thursday, 24-04-1447H, corresponding to 16-10-2025G. |
| Date of obtaining the funding | 2025-10-16 Corresponding to 1447-04-24 |
| Financing entity | Arab National Bank (anb) |
| Financing amount. | 45,000,000 SAR (Forty-Five Million Saudi Riyals) |
| Financing duration. | (5) years in addition to a one-year grace period |
| Guarantees offered for the financing | A promissory note equivalent to the value of the granted facilities, in addition to a pledge on a portfolio. |
| Financing objective | The Company aims, through these facilities, to strengthen its working capital in line with its strategy, and to support the financing of its new projects and future expansion investments. |
| Related Parties | N/A |
| Additional Information | The necessary signatures were completed, and a copy of the agreement was received on Thursday, 24-04-1447H, corresponding to 16-10-2025G. |