Abo Moati renews SAR 60 mln credit facilities with SAIB

13/03/2022 Argaam
Logo of Abdullah Saad Mohammed Abo Moati for Bookstores Co.

Logo of Abdullah Saad Mohammed Abo Moati for Bookstores Co.  

Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) renewed, on March 10, Sharia-compliant credit facilities worth SAR 60 million with The Saudi Investment Bank (SAIB), according to a bourse statement.

 

The one-year facilities are secured by a promissory note, the statement said, noting that there are no related parties to the agreement.

 

The facilities will be used for financing the company's working capital.

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