14 JAN 2025
| Element List | Explanation |
|---|---|
| Introduction | On Tuesday 14 January 2025, The National Shipping Company of Saudi Arabia (Bahri) announces the completion of signing a Murabaha Revolving Credit Facility agreement of USD 800 Million (equivalent to SAR 3 Billion) with Al Rajhi Bank as follows: |
| Date of obtaining the funding | 2025-01-14 Corresponding to 1446-07-14 |
| Financing entity | Al Rajhi Bank. |
| Financing amount. | USD 800 Million (equivalent to SAR 3 Billion). |
| Financing duration. | 5 years. |
| Guarantees offered for the financing | Order note. |
| Financing objective | Support and strengthen the financial position of the Company and cover the Working Capital and CAPEX requirements. |
| Related Parties | None. |