Obeikan Glass obtains SAR 50M credit facilities from Riyad Bank

04/11/2024 Argaam
Obeikan Glass manufacturing facility

Obeikan Glass manufacturing facility

Obeikan Glass Co. has secured Shariah-compliant credit facilities at SAR 50 million from Riyad Bank, according to a statement to Tadawul.
 

 

The facility tenor would extend until Oct. 16, 2027.

 

The facility, which was guaranteed by promissory notes, will be utilized for the working capital requirements.

 

There are no related parties involved, the statement added.

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