Tihama signs SAR 5 mln Murabaha agreement

Tihama Advertising and Public Relations Co. on Oct. 7 inked an SAR 5 million Murabaha facility agreement, the company said in a bourse statement. 

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

The facility is secured by a promissory note and pledged trade receivables, Tihama said, adding that no related parties are involved in the deal.