Sigma Capital

16-09-2024

Fesh Fash Snack Food Production Co. Announces Obtaining a Financing from the Saudi Industrial Development Fund

Source: MIST

Tadawul-


Element List Explanation
Introduction Fesh Fash Snack Food Production Company would like to announce that it got approval for a loan from SIDF with commitment letter No. 826 dated 08/03/1446H, to fund the internal development project of production lines, machines, and buildings in total amount of 9,680,000 Nine Million Six Hundred Eighty Thousand Saudi Riyals with 50% fund of the total project cost, to be paid during 8 years with 2 years allowance period,
Commitment letter was approved on 16/09/2024,

Procedures to be completed and contract to be signed to proceed with the internal development project.

Date of obtaining the funding 2024-09-11 Corresponding to 1446-03-08
Financing entity Saudi Industrial Development Fund
Financing amount. 4,700,000
Financing duration. Eight years ending on 08/15/2032 AD
Guarantees offered for the financing Mortgage all fixed assets related to the project
Financing objective to fund the internal development project of production lines, machines, and buildings
Related Parties A / N