A branch of Leejam
Leejam Sports Co. renewed and raised the limits of shariah-compliant credit facilities of SAR 960 million with Saudi Awwal Bank (SAB), for the purpose of capital and investment expenditures for the company’s future expansions, and working capital requirement, according to a statement to Tadawul. 
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These facilities agreements include SAR 794 million medium term loan (Murabaha Financing) to finance the company’s capital and investment expenditures for the company’s future expansions, SAR 50 million short term loan for working capital requirement and SAR 116 million for bank guarantees and multiple letters of credit, according to the statement.
The financing tenure is five years, plus a one-year grace period for the medium-term facilities, six months for short-term facilities, 1 to 3 years for the bank guarantees and letters of credit.
The company noted that the guarantees offered for the financing is promissory notes for the value of the facilities.
It also indicated that the financing amount is on demand and for a total of SAR 960 million, noting that there are no related parties.
A branch of Leejam
Leejam Sports Co. renewed and raised the limits of shariah-compliant credit facilities of SAR 960 million with Saudi Awwal Bank (SAB), for the purpose of capital and investment expenditures for the company’s future expansions, and working capital requirement, according to a statement to Tadawul.
For more news on listed companies
These facilities agreements include SAR 794 million medium term loan (Murabaha Financing) to finance the company’s capital and investment expenditures for the company’s future expansions, SAR 50 million short term loan for working capital requirement and SAR 116 million for bank guarantees and multiple letters of credit, according to the statement.
The financing tenure is five years, plus a one-year grace period for the medium-term facilities, six months for short-term facilities, 1 to 3 years for the bank guarantees and letters of credit.
The company noted that the guarantees offered for the financing is promissory notes for the value of the facilities.
It also indicated that the financing amount is on demand and for a total of SAR 960 million, noting that there are no related parties.
