Saudi Top renews SAR 10M short-term Murabaha facilities with EXIM Bank

02/12/2024 Argaam
Saudi Top for Trading Co. (Saudi Top)headquarter

Saudi Top for Trading Co. (Saudi Top) headquarter

Saudi Top for Trading Co. (Saudi Top) renewed the short-term Murabaha facilities to finance working capital worth SAR 10 million from the Saudi Export-Import Bank (EXIM Bank).

 

The financing duration will run from Dec. 1, 2024, to Sept. 30, 2025, the company said in a statement to Tadawul.

 

For more news on listed companies

 

The facilities are intended to finance the procurement of inputs for export activities, the statement noted, adding that it is guaranteed by a promissory note.

 

There are no related parties to the deal, the statement said.

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