Zahrat Al Waha renews SAR 60M credit facility deal with SNB

15/09/2024 Argaam
Logo ofZahrat Al Waha Trading Co.

Logo of Zahrat Al Waha Trading Co.

Zahrat Al Waha Trading Co. renewed an Islamic financing and banking services agreement with Saudi National Bank (SNB) worth SAR 60 million.

 

In a statement to Tadawul today, Sept. 15, the company added that the facilities are valid as of today until May 31, 2025. The financing is guaranteed by a promissory note at the facilities’ total value.

 

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The facilities are aimed at opening letters of credit for the purchase of raw materials. There are no related parties to the deal, it noted.

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