Abo Moati inks SAR 20 mln bank facilities with ANB

27/06/2021 Argaam

Abdullah Saad Mohammed Abu Moati for Bookstores Co.

Abdullah Saad Mohammed Abu Moati for Bookstores Co. (Abo Moati) signed SAR 20 million Shariah-compliant credit facilities agreement with Arab National Bank (ANB).

 

The credit was obtained on June 24, and has a term of one year, the company said in a bourse statement.

 

The amount is covered by a promissory note and no related parties are included in the deal.

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