Bawan renews SAR 200 mln Islamic facility with Al Rajhi Bank

22/11/2016 Argaam

Bawan Company has renewed a SAR 200 million Islamic facility agreement with Al Rajhi Bank with effect from Nov. 22 until April 1, 2017.

 

The company will use the facility to fulfill its working capital requirements and the agreement will be guaranteed by performance bond from Bawan’s affiliate companies.

 

The credit facilities would be paid within a maximum period of six months, the statement added. 

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