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Elm gets SAR 500 mln credit facilities from Al Rajhi Bank
11/09/2023
Argaam
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Logo of Elm Co. (Elm)
Elm Co. (Elm) obtained SAR 500 million worth of Shariah-compliant credit facilities from Al Rajhi Bank, according to a statement to Tadawul today, Sept. 11.
The facilities, valid for 12 months, are secured by a promissory note for the full amount.
The funds will be used to finance working capital and facilitate bank guarantees. There are no related parties to the agreement.
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