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Meyar secures SAR 5.5M credit facility from Riyad Bank
20/01/2025
Argaam
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Logo of Meyar Co.
Meyar Co. obtained Shariah-compliant credit facilities of SAR 5.5 million from Riyad Bank, according to a statement to Tadawul.
The loan is set to fund business expansion while also developing the company’s production lines and supply chains in order to boost efficiency.
For more news on listed companies
Guarantees provided under the five-year financing agreement are a Kafala program guarantee and promissory notes.
There are no related parties to the deal, Meyar stated.
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