Saudi Fisheries Co. signed on Wednesday a SAR 130 million medium-term Tawarruq loan agreement with Banque Saudi Fransi (BSF), the company said in a bourse statement.
The five-year credit facility will be used in financing the company’s operations.
The facility was secured by a promissory note and a letter of guarantee for the full loan amount.
No related parties are involved in the agreement, the statement added.
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