SASCO signs a credit agreement with NCB:

30/10/2013 Argaam

The Saudi automotive services Company "SASCO" announced in a statement on Tadawul the signing of a SAR 90m credit agreement with NCB on 30/10/2013

 

The agreement has a term of 5 years starting from May 1st, 2013 and a total financing amount of SAR 90m

 

A portfolio of local shares that the company owns will be used as a collateral, SASCO said in the statement

 

The proceeds from this agreement are to be used in future expansions or acquisitions of new stations.

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