Farm Superstores renews Murabaha deal with GIB

08/09/2015 Argaam

Saudi Marketing Co. (Farm Superstores) renewed on Tuesday a Murabaha agreement with Murabaha agreement with Gulf International Bank (GIB) which will provide it SAR 226.3 million in funds, the retailer said in a statement to Tadawul.

 

The one-year facility, which was secured by a promissory note, will be used to purchase goods, it added.

Comments {{getCommentCount()}}

Be the first to comment

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.