Saudi Top renews SAR 10M short-term Murabaha facilities with EXIM Bank

14/12/2023 Argaam
Headquarters of Saudi Top for Trading Co.

Headquarters of Saudi Top for Trading Co.

Saudi Top for Trading Co. (Saudi Top) renewed the short-term Murabaha facilities to finance working capital worth SAR 10 million from the Saudi Export-Import Bank (EXIM Bank). 

 

The financing has a term of 12 months and expires on Nov. 14, 2024, the company said in a statement to Tadawul. The credit is covered by a promissory note. 

 

The facilities are intended to finance the procurement of inputs for export activities. 

 

There are no related parties to the deal, the statement said. 

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