Logo of Sport Clubs Co.
Sport Clubs Co. said it obtained today, June 24, Tawarruq financing facilities from Saudi Awwal Bank (SAB). 
In a Tadawul statement, the company explained that the financing is valid for five years, including a one-year grace period for the first year.
It noted that the guarantees offered for the financing are represented in a promissory note issued by the company for the full value of the financing facilities.
According to the company, the objective of the facilities is to finance its capital and investment expenditures for its future expansions in building new clubs. There are no related parties involved.
Logo of Sport Clubs Co.
Sport Clubs Co. said it obtained today, June 24, Tawarruq financing facilities from Saudi Awwal Bank (SAB).
In a Tadawul statement, the company explained that the financing is valid for five years, including a one-year grace period for the first year.
It noted that the guarantees offered for the financing are represented in a promissory note issued by the company for the full value of the financing facilities.
According to the company, the objective of the facilities is to finance its capital and investment expenditures for its future expansions in building new clubs. There are no related parties involved.
