Halwani Bros renews SAR 150M credit facility with BSF

  • HB(1.12%)
05/12/2023 Argaam
Logo ofHalwani Bros. Co.

Logo of Halwani Bros. Co.

Halwani Bros. Co. renewed today, Dec. 5, a Shariah-compliant credit facility agreement worth SAR 150 million with Banque Saudi Fransi (BSF).

 

The facility, which is renewable every year, aims to finance the company’s working capital, with the funding duration until October 2024, the company said in a statement.

 

The financing is guaranteed by a promissory note covering the entire facilities amount. There are no related parties to the agreement, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.