SACO seals SAR 150M credit facility deal with SNB

05:12 PM (Mecca time) Argaam
Logo ofSaudi Company for Hardware (SACO)

Logo of Saudi Company for Hardware (SACO) 

Saudi Company for Hardware (SACO) signed today, Feb. 1, a Shariah-compliant credit facility agreement worth SAR 150 million with the Saudi National Bank (SNB).

 

The 12-month financing is secured by a SAR 165 million promissory note and will be used to finance working capital and issue letters of credit for procurement, SACO said in a statement on Tadawul.

 

There are no related parties involved the deal, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.