Logo of MIS
Al Moammar Information Systems Co. (MIS) renewed and modified SAR 332.5 million worth of Sharia-compliant credit facility today, June 13, with Banque Saudi Fransi (BSF), the company said in a bourse statement.
The facility tenor, which is valid until June 30, 2022, is secured by a promissory note in favor of BSF.
The credit facility will be used to finance new projects, and issue letters of initial, final, and submitted guarantees.
There are no related parties to the deal, Al Moammar added.
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