East Pipes signs SAR 275 mln Shariah-compliant facility agreement with NBK

02/08/2022 Argaam

Logo of East Pipes Integrated Co.

East Pipes Integrated Co. signed today, Aug. 2, a Shariah-compliant working capital facility agreement with National Bank of Kuwait (NBK), at a value of SAR 275 million, according to a bourse filing.

 

The facility will have a term of 360 days, said the company, adding that it will be guaranteed by a promissory note worth SAR 275 million.

 

The facility is aimed to finance the working capital of one of the company's projects. There are no related parties.

 

Comments {{getCommentCount()}}

Be the first to comment

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

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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