Zahrat Al Waha signs SAR 33.5 mln loan contract with SIDF

12/05/2020 Argaam

 

Zahrat Al Waha Trading Company signed today a SAR 33.5 million loan facility with Saudi Industrial Development Fund (SIDF).

 

The loan will be used in financing the company’s working capital, it said in a bourse filing, noting the duration of the facility is 12 months from the date of obtaining the loan.

 

The financing is guaranteed by an order note of 100% of total facility.

 

There are no related parties, the statement added.

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