Waja renews SAR 25.1M Islamic facilities with Riyad Bank

27/12/2023 Argaam
Logo of Waja Co.

Logo of Waja Co.

Waja Co. inked a contract to renew Shariah-compliant financing facilities with Riyad Bank at SAR 25.05 million, according to a statement to Tadawul.

 

The facility tenor will extend for one year and will be guaranteed by promissory notes.

 

The facility will fund issuing letters of credit for the company’s projects.

 

The contract included no related parties, the statement added.

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