Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » Saudi Claps » Retail 🛒 » Halawani Bros. to amend banking facility 🛒

Halawani Bros. to amend banking facility 🛒

by Omar El Shorafa
January 8, 2023
Claps, Halawani Bros., Retail

The Clap
Halawani Bros. (6001) has signed an agreement to amend one of its existing bank facilities with Al Rajhi Bank (1120) to SAR 230.83mn.

What
The company stated to Saudi Tadawul that SAR 20.83mn of the facility will be medium-term financing, extending to the end of March 2024. 

The remaining SAR 210mn will be used to finance working capital until the end of July 2023.

So What
The amendment to the facility will aid in reducing the cost of financing.

Now What
The agreement comes following the agreement for another banking facility with the Gulf International Bank for SAR 120mn.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

SADAFCO’s profits jumped 43.5% in Q3 ⬆️
Food & Beverage 🍕

SADAFCO’s profits jumped 43.5% in Q3 ⬆️

by Omar El Shorafa
January 25, 2023
Extra taking over electronics & appliances in Panda 🏪
Retail 🛒

Extra taking over electronics & appliances in Panda 🏪

by Omar El Shorafa
January 25, 2023
Musharaka distributes SAR 17.6 million in cash dividends 💰
Tadawul 🔔

Musharaka distributes SAR 17.6 million in cash dividends 💰

by Omar El Shorafa
January 24, 2023
Aldrees recommends distributing SAR 150 million in dividends 💰
Energy 🔋

Aldrees recommends distributing SAR 150 million in dividends 💰

by Omar El Shorafa
January 23, 2023
Tadawul launches Albilad MSCI US ETF 💵
Tadawul 🔔

Tadawul launches Albilad MSCI US ETF 💵

by Omar El Shorafa
January 23, 2023
Tam looking to list its shares on Nomu 🚀
IPO Watch 👀

Tam looking to list its shares on Nomu 🚀

by Omar El Shorafa
January 23, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)