Al-Jouf Agricultural secures SAR 40 mln from Banque Saudi Fransi

15/11/2022 Argaam
Logo ofAl-Jouf Agricultural Development Co.

Logo of Al-Jouf Agricultural Development Co.

Al-Jouf Agricultural Development Co. signed a Shariah-compliant credit facilities agreement with Banque Saudi Fransi (BSF) at a total value of SAR 40 million, according to a statement to Tadawul.

 

The credit facilities’ tenor extends to one year ending Nov. 23, 2023, and they are guaranteed by a promissory note.

 

The agreement aimed at financing the letters of credit, and rescheduling debt.

 

The agreement included no related parties, the statement added.

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