“Garimenkul pazarı şüphesiz global olarak en dinamik pazarlardan biri olup. Al Malay Holding sizlerin piyasadaki en son gelişmelerden ve eğilimlerden haberdar olmanızı sağlar, Sizleri , mülk yatırımızın için en iyi şekilde bilgilendirileceğiniz, global ve lokal piyasalarla ilgili bilgi almak için, kapsamlı medya kösemize davet ediyoruz”
Signing of official credit facilities contracts with one of the Kuwaiti banks
20-Mayıs-2021
In reference to the above subject, and to our disclosure dated 30/03/2021 regarding the approval of the Board of Directors of Al Mazaya Holding Company KPSC (Holding) to sign a credit facility agreement with a Kuwaiti bank, we hereby inform you about the signature of the official contracts related to the credit facilities with one of the Kuwaiti banks
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20/05/2021
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Date:
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Al Mazaya Holding Co. K.S.C. P
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Name of listed company
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A supplementary disclosure from Al Mazaya Holding Company regarding the signing of official credit facilities contracts with one of the Kuwaiti banks
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Disclosure Subject
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30/03/2021
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Date of previous disclosure
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In reference toour disclosure dated 30/03/2021 regarding the approval of the Board of Directors of Al Mazaya Holding Company KPSC (Holding) to sign a credit facility agreement with a Kuwaiti bank, we hereby inform you that the related official credit facility contracts have been signed with a Kuwaiti bank which grant a facility limit amounting to KD 24,488,732 (twenty-four million and four hundred eighty-eight thousand and seven hundred and thirty-two Kuwaiti Dinars) to reprofile the original outstanding facility of KD 22,700,000 in addition to the related due finance cost towards the bank. The facility tenor is 6 years, where the first installment is due upon completing the related signatures from all contractual parties, followed by equal installments for a period of five years, and a final installment due at the end of the contract term on 31/01/2027.
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Disclosure updates
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Those facilities shall improve the Company’s liquidity during its tenor, and will be recorded in the company's financial statements of the second quarter of 2021
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Financial impact of the update (if any)
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