SACO makes full repayment of a loan from BSF

20/03/2019 Argaam

 

Saudi Company for Hardware (SACO) has repaid a loan obtained in 2015 from Banque Saudi Fransi (BSF) in full, the company said in a bourse statement.

 

The company has received the promissory note and land mortgage used as collateral for the credit.

 

On Aug. 27, 2015, SACO signed a SAR 127.25 million Islamic loan agreement with Banque Saudi Fransi (BSF) to finance establishing a new branch and boosting working capital requirements, Argaam reported earlier. 

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