Taiba Holding secures SAR 400m credit from SFB

18/05/2014 Argaam

 Taiba Holding Company has successfully completed necessary procedures for obtaining SAR 400m tawarruq credit agreement from Saudi Fransi Bank.

The agreement is one year renewable credit and is covered by a promissory note and a mortgage of securities held by AL Theraa AL Makeen (Taiba affiliated co.); Taiba said in its filling to Tadawul today.

The amount is to be used in enhancing Taiba’s investments.

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