Al Moammar signs Islamic finance agreement with Bank Albilad

18/11/2019 Argaam

 

Al Moammar Information Systems Co. signed on Monday a SAR 100 million Shariah-compliant Islamic finance agreement with Bank Albilad, the company said in a statement to Tadawul.

 

The finance will be used for assigned projects and multi-bonding facility and is subject to renewal on annual basis, the statement added.

 

The loan was secured against a promissory note, and the deal has no related parties.

Comments {{getCommentCount()}}

Be the first to comment

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.