Avalon Pharma obtains SAR 55M credit facilities from Alinma Bank

01/08/2024 Argaam
Logo ofMiddle East Pharmaceutical Industries Co. (Avalon Pharma)

Logo of Middle East Pharmaceutical Industries Co. (Avalon Pharma)

Middle East Pharmaceutical Industries Co. (Avalon Pharma) obtained credit facilities from Alinma Bank worth SAR 55 million.

 

The company added in a statement on Tadawul that the facilities will extend for one year and aim to finance the company’s operations.

 

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A promissory note for full value will be provided as a guarantee.

 

The deal has no related parties, the statement added.

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