Saudi Top secures SAR 10 mln Murabaha facilities from Saudi EXIM Bank

30/05/2023 Argaam
Logo ofSaudi Top for Trading Co.

Logo of Saudi Top for Trading Co.

Saudi Top for Trading Co. obtained on May 29 short-term Murabaha facilities of SAR 10 million from the Saudi Export-Import Bank, to finance working capital, the company said in a statement to Tadawul.

 

The 120-day facilities, ending Sept. 30, 2023, are guaranteed by a promissory note.

 

The facilities aim to finance the supply of inputs for the client export activities, the statement noted, adding that there are no related parties.

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