Saudi Industrial Export Co. (SIECO) signed, today, July 15, a SAR 106 million Islamic financing agreement with Alinma Bank, the company said in a statement to Tadawul on Wednesday.
The six-month loan will be used to finance the company’s business deals, imports and exports across the region.
The Islamic loan is secured by a promissory note, SIECO said, adding that there are no related parties to the facility.
Comments
{{DisplayName}}
{{ElapsedTime}}