Farm Superstores renews SAR 172 mln facility with Banque Saudi Fransi

25/05/2017 Argaam

Saudi Marketing Co. (Farm Superstores) on Thursday renewed a SAR 172.2 million credit facility with Banque Saudi Fransi.

 

The loan tenure is from April 24, 2017 to March 31, 2018, the company said in a statement to Tadawul.

 

The credit facility will be used to meet working capital needs and fund capex requirements for new branches.

 

The loan was guaranteed by a promissory note, Farm Superstores said.

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