Abo Moati signs SAR 40.5 mln credit facilities with SABB

22/03/2023 Argaam

Abo Moati signs SAR 40.5 mln credit facilities with SABB

Logo of Abdullah Saad Mohammed Abo Moati for Bookstores Co.

Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) signed a Shariah-compliant credit facility agreement worth SAR 40.5 million with Saudi British Bank (SABB).

 

In a statement to Tadawul, the company said that the facility aims to finance the operating capital.

 

The one-year facility is guaranteed by a promissory note.

 

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

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