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Ta Re-schedules Jassas Loan Remaining Balance
Time Events Company announced the rescheduling of the remaining balance of the good loan provided by its Chairman, Princess Aidan Al-Tawil, amounting to 860,000 riyals. The company had previously obtained a good loan of 1.72 million riyals in May 2026, which was originally scheduled to be fully repaid before June 2026. However, financial developments led to a review of the repayment schedule. The company successfully repaid 860,000 riyals by August 2026, and approval was given to extend the remaining repayment period by three months until November 2026, without any additional financing costs, owing to the nature of the good loan. This procedure involves dealing with a related party, with continued provision of financial guarantees without preferential benefits, aiming to enhance liquidity and support ongoing operations.
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