Logo of Saudi Advanced Industries Co. (SAIC)
Saudi Advanced Industries Co. (SAIC) renewed on July 11 a Shariah-compliant credit facility with Al Rajhi Capital at a total of SAR 100 million.
The facility has a term of one year, SAIC said in a statement to Tadawul. It was obtained by SAIC against a pledge of some investment portfolio assets equivalent to the value of the credit facilities.
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SAIC aims to finance investment expansions, the statement added.
There are no related parties to the contract.
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