SIDC’s Sleep High inks SAR 9M credit facilities

05/01/2025 Argaam
Logo ofSaudi Industrial Development Co. (SIDC)

Logo of Saudi Industrial Development Co. (SIDC)

Saudi Industrial Development Co.'s (SIDC) wholly owned subsidiary, Global Marketing Co. for Sleeping System Ltd. (Sleep High), sealed on Jan. 2 a credit facility agreement for SAR 9 million with Riyad Bank.

 

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The credit facility duration is one year, and the funds will be directed to financing the working capital, the company said in a statement to Tadawul.

 

The provided guarantees included a promissory note, a Kafala program guarantee, and combined payment and performance bonds.

 

The deal included no related parties, the statement added.

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