Zahrat Al Waha renews SAR 240M credit facilities with SAIB

04:00 PM (Mecca time) Argaam
Logo ofZahrat Al Waha for Trading Co.

Logo of Zahrat Al Waha for Trading Co.

Zahrat Al Waha for Trading Co. renewed a SAR 240 million Shariah-compliant credit facilities agreement with The Saudi Investment Bank (SAIB), the company said in a statement to Tadawul.

 

The funding extends from Sept. 30, 2024, until June 30, 2025.

 

For more news on listed companies

 

The facilities are covered by the company’s promissory covering the total value of the facilities and mortgage of Zahrat Al Waha’s investment portfolio shares.

 

The amount is intended to finance the purchase and import of raw materials required for manufacturing activity, purchasing and financing public investments, and financing real estate investments.

 

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

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.