Abo Moati renews SAR 45 mln Islamic facility with Samba

20/07/2020 Argaam

 

Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) renewed on Monday a sharia-compliant financing facility agreement with Samba Financial Group worth SAR 45 million, the company said in a statement to Tadawul.

 

The 1-year facility will be used for working capital needs.

 

The Islamic facility is guaranteed by a promissory note and the deal has no related parties, the statement said.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.

Most Read