Saudi Parts Center signs SAR 30M credit facilities with SAIB

24/07/2024 Argaam
Logo ofSaudiPartsCenterCo. (SPC)

Logo of Saudi Parts Center Co. (SPC)

Saudi Parts Center Co. (SPC) signed today, July 24, a Shariah-compliant credit facilities agreement worth SAR 30 million with The Saudi Investment Bank (SAIB).

 

The financing period will run from July 24, 2024, to April 30, 2025, and will be covered by a promissory note, the company said in a statement on Tadawul.

 

For more news on listed companies

 

The facility aims to support the import/purchase of materials and fund working capital requirements.

 

There are no related parties involved, SPC 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.