Al Moammar renews, modifies SAR 84.6 mln credit facility with NBK

14/09/2020 Argaam


Al Moammar Information Systems Co. (MIS) renewed and modified SAR 84.59 million worth of a Sharia-compliant credit facility with National Bank of Kuwait (NBK), the company said in a bourse statement.

 

The facility tenor extends from Sept. 13, 2020, until July 15, 2021, and is guaranteed by a promissory note.

 

The credit facility will be used to finance new projects and issue new letters of credit.

 

The agreement did not involve any related parties, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
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.

Most Read