Zahrat Al Waha inks SAR 24.5 mln loan agreement with SIDF

30/12/2021 Argaam

Logo of Zahrat Al Waha for Trading Co.

Zahrat Al Waha for Trading Co. signed a SAR 24.5 million loan agreement with the Saudi Industrial Development Fund (SIDF), according to a bourse filing.

 

The loan tenor will extend from Dec. 30, 2021, until Dec. 29, 2022. The credit facility will be guaranteed by a promissory note with the total loan amount.

 

The loan will be used to finance the working capital, and the deal included no related parties, the statement added.

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