WAJA secures SAR 9 mln Islamic facility from Al Rajhi Bank

29/10/2023 Argaam

Waja secures SAR 9 mln Islamic facility from Al Rajhi Bank

Logo of WAJA Co.

WAJA Co. secured, on Oct. 26, a Shariah-compliant credit facility from Al Rajhi Bank at SAR 9 million, according to a statement to Tadawul.

 

The one-year facility is guaranteed by a promissory note from the company.

 

The funds will go towards letters of guarantee for the company’s projects.

 

The deal included no related parties, the statement added.

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