Saudi Top Trading obtains $6.66mln loan from Banque Saudi Fransi
- Date: 02-Oct-2023
- Source: Zawya
- Sector:Financial Services
- Country:Saudi Arabia
Saudi Top Trading obtains $6.66mln loan from Banque Saudi Fransi
Riyadh – Mubasher: Saudi Top Trading Company signed a financing agreement worth SAR 25 million with Banque Saudi Fransi on 28 September 2023, according to a bourse filing.
The firm will use a total of SAR 15 million to pay suppliers’ dues, while the remaining amount will be utilised for issuing letters of bank guarantees.
Secured by a promissory note, the facility is valid for 12 months.
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