Tuesday, 29 April 2025

Tam Development signs bank facilities agreement at SAR 25 million

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Tam Development Company announced the signing of sharia compliant banking facilities agreement with Saudi Awwal Bank at SAR 25 million for 12 months

The company noted that the guarantees offered for the financing are promissory note to the amount of total facilities limit, and that the financing objective is short-term finance facility (if needed) and bank guarantees facilities.

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