Al Kathiri gets SAR 3 mln credit facility from Riyad Bank

09/07/2018 Argaam

Al Kathiri Holding Co. inked on Sunday a Sharia-compliant credit facility agreement worth SAR 3 million with Riyad Bank, the Nomu-listed company said in a statement to Tadawul.

 

The facility will go toward financing the company’s expansions.

 

The renewable loan, which will extend until June 12, 2019, was guaranteed by a promissory note for the bank, the statement said.

 

The deal has no related parties, it added.

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