Tihama inks SAR 3 mln Murabaha agreement

14/07/2019 Argaam

Tihama Advertising & Public Relations Co. (Tihama) signed on July 11 a SAR 3 million Murabaha agreement, the company said in a bourse statement. 

 

The two-year facility, which will be repaid quarterly, is intended to finance the working capital and operating activities of the company and its affiliates.

 

The credit is covered by a promissory note and a mortgage of commercial debt balances.

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