MIS renews SAR 204.1 mln bank facility agreement with SABB

25/06/2020 Argaam

 

Al Moammar Information Systems Co. (MIS) renewed, on June 24, a SAR 204.11 million Shariah compliant bank facility agreement with the Saudi British Bank (SABB), the company said in a bourse statement.

 

The funding term is valid until Dec. 31, 2020 and is covered by a promissory note.

 

The credit is intended to finance the company’s new projects, the statement said, adding that no related parties are involved in the deal.

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.