SIECO inks SAR 106 mln financing facility with Alinma

15/07/2020 Argaam

Saudi Industrial Export Co. (SIECO) signed, today, July 15, a SAR 106 million Islamic financing agreement with Alinma Bank, the company said in a statement to Tadawul on Wednesday.

 

The six-month loan will be used to finance the company’s business deals, imports and exports across the region.

 

The Islamic loan is secured by a promissory note, SIECO said, adding that there are no related parties to the facility.

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