Farm Superstores extends SAR 75 mln credit facility with Alinma

20/09/2015 Argaam

Saudi Marketing Co., also known as Farm Superstores, extended on Sunday the term of a SAR 75 million sharia-compliant credit facility with Alinma Bank, the company said in a statement to the Saudi bourse.

 

The loan, which was secured by promissory notes, runs from July 30, 2015 to June 30, 2016.

 

The credit had been taken to shore up its capital, it added.

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