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Taem updates Ijarah loan balance
Time Events Company announced the rescheduling of the remaining balance of the Qard Hasan (benevolent loan) provided by its Chairman, Princess Amyrah Bint Eidan Al-Tawil, which is valued at 860,000 SAR. Half of the total loan amount of 1.72 million SAR has been repaid, and the repayment period has been extended by an additional three months, making the new final deadline November 15, 2026. The company confirmed that the loan is a benevolent loan category, so no interest or financing costs have been incurred as a result of the extension. The transaction was carried out with related parties, with full guarantee of the amount provided. This step aims to enhance liquidity and support the continuity of the company's operational activities.
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