Abo Moati Stationery renews SAR 50 mln Islamic facilities

19/07/2017 Argaam

Abdullah Saad Mohammed Abo Moati Stationeries Co. has renewed SAR 50 million worth of Islamic facilities with The Saudi Investment Bank (SAIB), the company said in a statement to Tadawul.

 

The facilities, which extend until April 30, 2018, will be used to finance the company’s working capital requirements and are guaranteed by a promissory note.

 

The agreement has no related parties, the statement added. 

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