Latest news with #bankfacility
Bloomberg
5 days ago
- Business
- Bloomberg
Siemens Energy Closes Chapter on Germany's €7.5 Billion Rescue
Siemens Energy AG is on course to pay a dividend for the first time in almost four years after replacing an €11 billion ($12.6 billion) rescue package backed by the German government. The company moved to a new €9 billion bank facility earlier than planned that will help fund large projects, it said Thursday, clearing the path for the gas and wind turbine maker to resume shareholder payouts.
Zawya
21-05-2025
- Business
- Zawya
Saudi Ground Services obtains $80mln loan from Banque Saudi Fransi
Riyadh: Saudi Ground Services Company inked a sharia-compliant bank facility agreement worth SAR 300 million with Banque Saudi Fransi on 15 May 2025, according to a bourse disclosure. The loan is valid until 30 April 2026, which is subject to a one-year renewal. It is secured by a promissory note. The company will use the funding to anchor its liquidity position and boost its working capital requirements when needed. In the three-month period that ended on 31 March 2025, Saudi Ground Services recorded 37.18% higher net profits at SAR 97.62 million, compared to SAR 71.16 million in Q1-24. Meanwhile, Banque Saudi Fransi logged net profits amounting to SAR 1.33 billion in the first quarter (Q1) of 2025, an annual rise of 16.34% from SAR 1.15 billion.
Zawya
19-05-2025
- Business
- Zawya
Saudi Ground Services secures $146.66mln shariah-complaint facility
Saudi Ground Services Company has signed a shariah-compliant bank facility agreement with the Banque Saudi Fransi (BSF) of up to 300 million riyals ($80 million). The facility, which is available to be drawn up to April 30, 2025, will be used to support working capital requirements. The company is a Saudi-based provider of ground-handling services in commercial airports and is majority owned by Saudia. (Writing by Brinda Darasha; editing by Seban Scaria)
