Al Kathiri gets SAR 5 mln credit facility from ANB

04/06/2018 Argaam

Al Kathiri Holding Co. has inked a Sharia-compliant credit facility agreement worth SAR 5 million with the Arab National Bank (ANB), the Nomu-listed company said in a bourse filing.

 

The facility will go toward financing the company’s expansions.

 

The renewable loan, which will extend until April 30, 2019, was guaranteed by a promissory note for the bank.

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.