Al-Hasoob obtains SAR 7.5 mln short-term financing from Al Rajhi Bank

11/01/2022 Argaam

Logo of Al Hasoob Trading Co.

Al-Hasoob Trading Co. obtained, on Jan. 10, a short-term Shariah-compliant financing from Al Rajhi Bank, worth SAR 7.5 million. 

 

The credit is valid for one year and aims at supporting the company's strategic plan and expansion, as well as meeting future needs, Al-Hasoob said in a bourse filing. 

 

The amount is covered by a promissory note worth SAR 7.84 million.

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