Farm Superstores renews SAR 204 mln facilities with NCB

12/08/2018 Argaam

Saudi Marketing Co. (Farm Superstores) signed on Sunday an agreement to renew credit facilities worth SAR 203.5 million with National Commercial Bank (NCB), the company said in a statement to Tadawul.

  

The loans will be used in financing the working capital requirements and opening new branches.  

 

The credit facilities, which are secured by promissory notes, will be valid from April 1, 2018 and March 31, 2019, the statement added.

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