Signing a financing agreement for the Taif Heart Market project

On Thursday 06/02/2021, a financing agreement was signed with the Saudi Industrial Development Fund for a period of seven years, with a value of (3,545,000) riyals, the loan will be repaid in semi-annual installments in 14 installments starting from 01/09/2023, and according to the repayment schedule agreed upon with the Fund.

The guarantees provided in return for financing include a personal guarantee from some of the shareholders and the signing of the promissory note in favor of the fund.

The financing (funding of the Taif Heart Market project) aims to install solar panels to produce electrical energy.