Al Sorayai secures SAR 18.5 mln loans

29/03/2018 Argaam

Al Sorayai Trading and Industrial Group Co. (AlSorayai Group) has secured a SAR 10 million interest-free loan from Hamdan Abdullah Al Sorayai -- a major shareholder.

 

The loan will be repaid in 6 months, according to a bourse filing. The company also obtained SAR 8.58 million interest-free loan and letters of credit (LCs) from a real estate developer. The debt will be settled in two years.

 

The credit facilities will finance operations.

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