Al Abdullatif signs SAR 100 mln credit facility with Saudi Fransi

12/01/2015 Argaam

Al Abdullatif Industrial Investment said on Monday that it signed an agreement with Banque Saudi Fransi (BSF) to secure a SAR 100 million Sharia-compliant credit facility.

The loan will be used to finance working capital requirements, the company said.

The nine-month agreement, effective as of today, is renewable. The facility is guaranteed by a promissory note signed by the company. 

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