Riyadh – Mubasher: Abdullah Saad Abo Moati for Bookstores Company has signed a credit facilities agreement worth SAR 20 million with Arab National Bank (ANB).

The Shariah-compliant loan deal is effective for one year starting 24 June 2021, according to a bourse filing on Sunday.

Abo Moati aims to use the facilities in funding its working capital, with the offered guarantee being a promissory note from the firm in favour of ANB.

Last April, the listed company extended a SAR 45 million worth of loan agreement worth with Samba Bank.