Saudi Marketing secures SAR 65 mln Islamic loan from SAIB

18/03/2015 Argaam
Saudi Marketing Co. (FARM) said on Tuesday that it has secured a SAR 65 million Islamic loan, or Murabaha, from Saudi Investment Bank (SAIB). 
 
The loan’s tenor starts on Jan. 4 and extends to July 31. It was secured by a promissory note, the company said in a bourse statement.
 
FARM will use the funds to finance its retail activities.

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