Pan Gulf secures SAR 100M credit facilities from Emirates NBD

07/07/2024 Argaam

Pan Gulf secures SAR 100M credit facilities from Emirates NBD

Logo of Pan Gulf Marketing Co. 

Pan Gulf Marketing Co. obtained, on July 4, SAR 100 million worth of Shariah-compliant credit facilities from Emirates NBD, according to a statement to Tadawul.

 

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The one-year credit facilities were provided with no guarantees in return.

 

Pan Gulf will use the funds to finance working capital, the statement said, adding there are no related parties to the deal.

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