Raoom Trading signs SAR 30 mln credit facility agreement with Bank AlJazira

13/12/2022 Argaam

Raoom Trading signs SAR 30 mln credit facility agreement with Bank AlJazira

Logo of Raoom Trading Co.

Raoom Trading Co. signed today, Dec. 13, a Shariah-compliant credit facility agreement worth SAR 30 million with Bank AlJazira, according to a statement to Tadawul.

 

The financing is aimed at expanding the company's investments. It will mature on Dec. 7, 2023.

 

It is secured by a promissory note, representing 100% of the funding value, in favor of Bank AlJazira. There are no related parties.

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