Farm Superstores renews SAR 100 mln Islamic facility with Al Rajhi

12/10/2017 Argaam

 

Saudi Marketing Co. (Farm Superstores) said it has renewed a SAR 100 million Islamic credit facility with Al Rajhi Bank.

 

The loan tenure is from Sept. 30, 2017 to Sept. 30, 2018, the company said in a statement to Tadawul.

 

The credit facility, which was guaranteed by a promissory note, will be used to finance working capital needs, Farm Superstores said.

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