Saudi Marketing Co. (Farm Superstores) renewed today its SAR 200 million Shariah compliant facility agreement with Al Rajhi Bank, the company said in a bourse statement.
The loan tenure starts from date to Sep. 30, 2019, it said.
The credit facility, which is guaranteed by a promissory note, will be used to finance working capital needs, Farm Superstores said.
The deal has no related parties, it added.
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