National Agricultural Marketing Co. (Thimar) said in a bourse statement on Wednesday that it has signed an agreement with Saudi British Bank (SABB) that will provide it with a Sharia-compliant credit facility worth SAR 50 million.

 

The deal was secured by a promissory note, and will become valid one year from the first withdrawal date. 

 

Repayments will be made over the next five years, and will allow for a one-year grace period. 

 

Thimar added that the credit will be used to finance its expansion plans.

Comments 0

Be the first to comment

loader Train
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website