Abo Moati renews SAR 60 mln credit facilities with SAIB
- Date: 13-Mar-2022
- Source: Argaam
- Sector:Financial Services
- Country:Saudi Arabia
Abo Moati renews SAR 60 mln credit facilities with SAIB
Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) renewed, on March 10, Sharia-compliant credit facilities worth SAR 60 million with The Saudi Investment Bank (SAIB), according to a bourse statement.
The one-year facilities are secured by a promissory note, the statement said, noting that there are no related parties to the agreement.
The facilities will be used for financing the company's working capital.
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