Saudi Cable Company announces the signature of a rescheduling agreement with its last commercial lender
| ELEMENT LIST | EXPLANATION |
|---|
| Date of Signing the Credit Facility Rescheduling | 2020-06-01 Corresponding to 1441-10-09 |
| Financier | RAJHI |
| Reasons for rescheduling | Loan overdue unsettled |
| Credit facility Amount and Rescheduled Amount | 264,176,483 SAR |
| Financing Duration, before and after Rescheduling | For SAR 58,300,000 : 2 years with 6 months grace,For SAR 205,876,483 : 4 years extendable to 5 years if 58,300,000/ are settled within 2 years |
| Guarantees Provided for the Rescheduled Credit Facility | signed Promissory Note |
| Related Parties | – |
