Obeikan Glass secures SAR 50M credit facilities from SAB

30/05/2024 Argaam

Obeikan Glass secures SAR 50M credit facilities from SAB

Logo of Obeikan Glass Co.

Obeikan Glass Co. obtained Shariah-compliant credit facilities worth SAR 50 million from Saudi Awwal Bank (SAB).

 

The one-year facilities are guaranteed by a promissory note, the company said in a statement to Tadawul.

 

The loan is intended to finance the company’s working capital, the statement added, noting that no related parties are included.

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