Abo Moati Stationery inks SAR 45 mln Islamic facility with Samba

16/04/2017 Argaam

Abdulla Saad Abo Moati for Bookstore Co. renewed on Sunday a sharia-compliant financing facility agreement with Samba Financial Group worth SAR 45 million, the company said in a statement to Tadawul.

 

The facility will extend until March 31, 2018 and will be used for working capital needs.

 

The Islamic facility is guaranteed by a promissory note and the deal has no related parties, the statement said. 

 

Comments {{getCommentCount()}}

Be the first to comment

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.