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.

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