Farm Superstore seals SAR 130 mln Sharia-compliant deal with Alinma Bank

18/07/2019 Argaam

Saudi Marketing Company (Farm Superstore) has inked a Sharia-compliant credit facility agreement with Alinma Bank at a total value of SAR 130 million, the company said in a bourse statement.

 

The facility tenor extends from June 16, 2019 until April 30, 2020.

 

The loan, which was guaranteed by a promissory note, will go for financing the requirements of the working capital.

 

No related parties are involved in the agreement, the statement added. 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
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.