Halwani Brothers Company announces that it has concluded an Islamic Shariah compliant financing agreement with Gulf International Bank. Financing entity: Gulf International Bank. The total value of the financing facilities is SAR 120 Million, of which: -SAR 100 Million facilities for working capital financing.

-SAR 20 Million facilities as Treasury Products - The duration for the Working Capital facility is one year/renewable on yearly basis Financing duration. - Treasury Products for 5 Years.