Pan Gulf secures SAR 57.1M credit facilities from Al Rajhi Bank

17/10/2024 Argaam
Logo ofPan Gulf Marketing Co.

Logo of Pan Gulf Marketing Co.

Pan Gulf Marketing Co. obtained, on Oct. 16, SAR 57.09 million worth of Shariah-compliant credit facilities from Al Rajhi Bank, according to a statement to Tadawul.

 

For more news on listed companies

 

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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