Latest news with #bankguarantee
Yahoo
5 days ago
- Business
- Yahoo
Major 'bank guarantee' READY to trigger €60m Liverpool transfer
Liverpool are set to benefit after a major 'bank guarantee' was given. This could seal a €60m transfer. Liverpool have been in negotiations with Napoli over Darwin Nunez for a little while now. The Serie A champions view the forward as an ideal signing - but he's not a cheap one. That's despite the fact Liverpool are eager to sell. We imagine Nunez is eager to leave, too. The Uruguayan just hasn't clicked the way people hoped, especially under Arne Slot. It's meant that everyone went into this summer believing he'd depart and that it was only a question of 'where'. Napoli appears to be the destination. The only hang up is whether they can afford him and that almost certainly hinges on Victor Osimhen moving for a large fee. His release clause stands at around €75m, slightly above the €60m Liverpool want (per Corriere Dello Sport). Al-Hilal are eager to pay it but Osimhen isn't eager to play for them. Instead, he'd like to move to Galatasaray where he was on loan last season. That has its own complications, however. Victor Osimhen and Galatasaray Galatasaray aren't able to pay Osimhen's release clause in one lump sum. Napoli want that to happen, however, as Al-Hilal very much are capable of that. It's held the deal up but the Turkish champions have made a move to settle things. Repubblica claims they've now provided Napoli with a 'bank guarantee' over the funds. Essentially, they're telling Napoli that there is no risk here and that they will eventually get the money. A bank will provide them and take on Galatasaray's debt if need be.
Zawya
23-06-2025
- Business
- Zawya
Saudi: First Milling inks financing deal with SIDF
Riyadh: First Mills Company has signed a SAR 69.40 million financing facility agreement with the Saudi Industrial Development Fund (SIDF), according to a bourse filing. The funding aims to support the company's capital expenditure for several upcoming projects that will contribute to expanding and boosting its activities. The agreement, secured on 17 June 2025, will be repaid in 12 equal semiannual instalments, beginning on 15 February 2027 and concluding on 15 August 2032. The loan is backed by a full-value, irrevocable, and unconditional bank guarantee issued by a local bank approved by the Saudi Central Bank (SAMA). As of 31 March 2025, First Mills reported net profits of SAR 79.66 million, marking a 2.49% year-on-year (YoY) increase from SAR 77.72 million.
