Zahrat Al Waha renews SAR 70 mln facility with Alinma Bank

05/08/2018 Argaam

Zahrat Al Waha for Trading Co. renewed today a SAR 70 million credit facility with Alinma Bank, the company said in a statement to Tadawul. 

 

The facility – which is valid from August 5, 2018 to June 30, 2019 – will be used to finance the working capital, as well as the purchase of equipment and machinery.

 

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

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