MIS renews, modifies SAR 332.5 mln Islamic facility with BSF

13/06/2021 Argaam

Logo of MIS

Al Moammar Information Systems Co. (MIS) renewed and modified SAR 332.5 million worth of Sharia-compliant credit facility today, June 13, with Banque Saudi Fransi (BSF), the company said in a bourse statement.

 

The facility tenor, which is valid until June 30, 2022, is secured by a promissory note in favor of BSF.

 

The credit facility will be used to finance new projects, and issue letters of initial, final, and submitted guarantees.

 

There are no related parties to the deal, Al Moammar added.

 

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