TIME Entertainment Reschedules SAR 860,000 Interest-Free Loan Balance
TIME 9642.SA | 0.00 |
On August 16, 2026, TIME Entertainment Company announced the rescheduling of the remaining balance of an interest-free loan provided by Board Chairwoman Ms. Ameerah Eidan Al-Taweel. The rescheduling agreement was signed on August 13, 2026, covering the outstanding balance of SAR 860,000 — representing 50% of the original SAR 1,720,000 loan — following the Company's repayment of the first SAR 860,000 installment on the same date. The rescheduled balance is to be repaid within a maximum of three months from the rescheduling date, no later than November 15, 2026. The rescheduling aims to support the Company's liquidity and working capital management, with no interest or additional financing costs incurred, and no preferential terms granted to the lender as a result of the arrangement.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97634&anCat=1&cs=9642&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
