WAJA renews SAR 19M credit facility deal with Al Rajhi Bank

04:26 PM (Mecca time) Argaam
Logo ofWAJA Co.

Logo of WAJA Co.

WAJA Co. renewed today, Feb. 6, a Shariah-compliant credit facility deal worth SAR 19 million with Al Rajhi Bank.

 

In a statement to Tadawul, the company said the one-year financing is covered by a promissory note.

 

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The facility will be used to finance various guarantees and facilitate deferred sales, the statement added, indicating that no related parties are included in the deal.

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