Zahrat Al Waha renews SAR 25 mln facility with Alawwal Bank

26/06/2018 Argaam

Zahrat Al Waha for Trading Co. renewed today a SAR 25 million credit facility with Alawwal Bank, the company said in a statement to Tadawul. 

 

The facility – which is valid from June 26, 2018 to Sept. 30, 2018 – will be used to finance the working capital.

 

The loan was secured against a promissory note, the statement said, adding that the deal has no related parties.

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