Logo of TAM Development Co.
TAM Development Co. signed on March 25 a 12-month agreement with Banque Saudi Fransi to secure Shariah-compliant facilities of SAR 25 million.
The facilities are fully guaranteed by a promissory note, TAM said in a statement to Tadawul, adding that it aims to issue letters of guarantee and multi-purpose financing.
The parties agreed to the deal on Jan. 25.
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