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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