SACO signs SAR 330.9 mln credit facility with SABB

14/11/2019 Argaam

 

Saudi Company for Hardware (SACO) signed SAR 330.91 million shariah-compliant credit facilities agreement with the Saudi British Bank (SABB).

 

The facility tenure extends for 7 years with a 2-year grace period effective as of Nov. 14, 2019.

 

The facility, which was guaranteed by a promissory note, will be directed to financing the company's working capital and capital expenditure.

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