Zahrat Al Waha inks SAR 12.7 mln loan contract with SIDF

24/01/2021 Argaam

Zahrat Al Waha for Trading Co. logo

Zahrat Al Waha for Trading Co. signed today, Jan. 24, 2021, a loan contract with the Saudi Industrial Development Fund (SIDF) valued at SAR 12.65 million.

 

The seven-year term contract will extend until Jan. 12, 2028, according to a bourse statement.

 

The loan will be used to purchase fixed assets, the company said, adding it provided an order note at the loan’s total value as a guarantee.

 

There are no related parties to the loan agreement, the statement added.

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