Al Moammar renews SAR 100 mln Islamic facility with Bank Albilad

07/03/2021 Argaam

Al Moammar Information Systems Co. (MIS) renewed today, March 7, 2021, a SAR 100 million Shariah-compliant finance agreement with Bank Albilad, the company said in a statement to Tadawul.

 

The finance, which is valid until Dec. 31, 2021, is secured against a promissory note.

 

The facility will be used for multi-bondings and financing of new projects assigned to Bank Albilad, the statement added.

 

There are no related parties.

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