Saudi Top signs SAR 25 mln credit facility with BSF

01/10/2023 Argaam
Headquarters of Saudi Top for Trading Co.

Headquarters of Saudi Top for Trading Co.

Nomu-listed Saudi Top for Trading Co. signed a SAR 25 million Shariah-compliant credit facility agreement with Banque Saudi Fransi (BSF).

 

A promissory note worth SAR 25 million was submitted as a security for the 12-month extended facilities, Saudi Top said in a statement on Tadawul. 

 

The financing will be divided into a SAR 15 million for paying off suppliers’ dues and a SAR 10 million for issuing letters of bank guarantees, the statement added, noting that there are no related parties to the deal. 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.