Abo Moati, NCB renew SAR 40 mln Islamic facilities

28/06/2018 Argaam

 

Abdullah Saad Mohammed Abo Moati for Bookstores Co. has renewed SAR 40 million worth of Islamic facilities with the National Commercial Bank (NCB), the company said in a statement to Tadawul Thursday.

 

The facilities, which extend until March 31, 2019, 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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