PHOTO
The company noted that the funding value stands at SAR 50 million, according to a bourse filing on Monday.
Abo Moati added that the loan was obtained on 19 December 2021, holding a one-year duration.
The credit facility will be allocated to finance the company’s working capital.
It is worth noting that Abo Moati also renewed a Sharia-compliant loan worth SAR 65 million with the Saudi National Bank (SNB) earlier this month.
All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).