Abo Moati renews SAR 70 mln credit facility with SAIB

29/04/2018 Argaam

Abdulla Saad Abo Moati For Bookstore Co. has renewed a credit facility agreement with Saudi Investment Bank (SAIB) for a total value of SAR 70 million, the Nomu-listed company said in a bourse statement.

 

The sharia-compliant facility, which will extend to April 30, 2019, was guaranteed by a promissory note.

 

The new facility will finance working capital.

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