Farm Superstores renews SAR 151 mln Murahaba facility with GIB

20/10/2016 Argaam

Saudi Marketing Co. (Farm Superstores) on Thursday renewed a Murabaha financing agreement worth SAR 151.25 million with Gulf International Bank (GIB).

 

The one-year financing term will be effective from August 28, 2016, the retailer said in a statement to Tadawul.

 

The facility, which was secured by a promissory note, will be used to purchase goods, it said.

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