Abo Moati extends SAR 40m loan deal with NCB

Photo Archive

26 November 2020 03:45 PM

SNB
1180

2.14% 38.26 0.80

ABO MOATI
4191

6.37% 43.40 2.60

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}}