Zahrat Al Waha secures SAR 40 mln loan from SIDF

27/08/2023 Argaam
Logo ofZahrat Al Waha Trading Co.

Logo of Zahrat Al Waha Trading Co.

Zahrat Al Waha Trading Co. obtained today, Aug. 27, a SAR 40 million loan from the Saudi Industrial Development Fund (SIDF) to finance working capital, the company said in a Tadawul filing.

 

The financing term is two years, Zahrat Al Waha said, adding that the guarantees offered in return are order notes by the company with the total loan amount and a mortgage document for the company's assets.

 

There are no related parties, the company noted.

 

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