Abo Moati inks SAR 35 mln credit facility with Bank Albilad

14/03/2022 Argaam
Logo of Abdullah Saad Mohammed Abo Moati for Bookstores Co.

Logo of Abdullah Saad Mohammed Abo Moati for Bookstores Co.

Abdullah Saad Mohammed Abo Moati for Bookstores Co. signed a Shariah-compliant credit facility agreement worth SAR 35 million with Bank Albilad, according to a bourse filing.

 

The financing duration is nine months, the company said, adding that the facility is guaranteed by a promissory note.

 

The deal aims to finance the working capital. There are no related parties.

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