Abo Moati extends SAR 40m loan deal with NCB

Photo Archive

26 November 2020 05:45 PM

SNB
1180

-2.19% 36.64 -0.82

ABO MOATI
4191

-4.31% 39.04 -1.76

Riyadh – Mubasher: Abo Moati for Bookstores Company said it has renewed a Sharia-compliant credit facility agreement worth SAR 40 million on Thursday with the National Commercial Bank (NCB).

The credit facility is guaranteed by a promissory note from Abo Moati, the company said in a statement to the Saudi Stock Exchange (Tadawul).

Abo Moati further added it will use the loan in financing its working capital.

Companies Investments Banking and Finance

Source: Mubasher

{{details.article.title}}