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1. Parties: Identification of the parent company (as lender) and subsidiary (as borrower), including full legal names and registration details
2. Background: Context of the loan, relationship between parties, and confirmation of Shariah compliance
3. Definitions: Definitions of terms used throughout the agreement, including Islamic finance terminology
4. Facility Details: Amount, purpose, and nature of the loan facility structured in accordance with Shariah principles
5. Conditions Precedent: Conditions that must be satisfied before the loan becomes effective
6. Drawdown Mechanics: Procedures and requirements for accessing the loan funds
7. Repayment Terms: Schedule and mechanisms for repayment, structured to comply with Islamic finance principles
8. Representations and Warranties: Standard and Shariah-specific representations by both parties
9. Covenants: Positive and negative obligations of the borrower during the loan term
10. Events of Default: Circumstances constituting default and consequences
11. Taxes and Zakat: Treatment of taxes, zakat obligations, and related payments
12. Governing Law and Jurisdiction: Application of Saudi law and designation of competent courts
13. Notices: Communication procedures between parties
14. Execution: Signature blocks and execution formalities
1. Security: Include when the loan is secured by assets or guarantees
2. Parent Company Undertakings: Additional undertakings when parent company has specific obligations beyond lending
3. Foreign Currency Provisions: Required when loan is not in Saudi Riyals
4. Regulatory Compliance: Additional provisions for compliance with specific regulations, particularly relevant for regulated entities
5. Assignment and Transfer: Include when transfer rights are to be granted
6. Shariah Advisory: Detailed Shariah compliance provisions when required by parties or regulators
7. Group Company Provisions: Additional terms when other group companies are involved in the arrangement
8. Force Majeure: Include when specific force majeure provisions are required beyond standard provisions
1. Facility Terms: Detailed terms of the loan facility including amounts, profit rates, and payment schedules
2. Conditions Precedent Documents: List of required documents and conditions to be satisfied
3. Form of Drawdown Notice: Template for requesting disbursement of loan funds
4. Repayment Schedule: Detailed schedule of repayment dates and amounts
5. Security Details: Description of any security or collateral (if applicable)
6. Corporate Authorizations: Required corporate approvals and resolutions
7. Shariah Structure Diagram: Visual representation of the Islamic finance structure used
8. Calculation of Profit Rate: Methodology for calculating Shariah-compliant profit
Banking and Financial Services
Manufacturing
Real Estate and Construction
Energy and Utilities
Technology and Communications
Healthcare
Retail and Consumer Goods
Transportation and Logistics
Mining and Natural Resources
Industrial Conglomerates
Legal
Finance
Treasury
Compliance
Tax
Corporate Secretarial
Risk Management
Islamic Finance
Corporate Governance
Internal Audit
Chief Financial Officer
Legal Counsel
Finance Director
Corporate Treasurer
Financial Controller
Company Secretary
Compliance Officer
Tax Manager
Shariah Compliance Officer
Corporate Finance Manager
Group Financial Controller
Risk Manager
Treasury Operations Manager
Legal Director
Managing Director
Board Director
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