Saudi Fisheries gets SAR 19M Tawarruq facility from Riyad Bank

12/06/2024 Argaam
Logo ofSaudi Fisheries Co.

Logo of Saudi Fisheries Co.

Saudi Fisheries Co. obtained today, June 12, a medium-term Tawarruq facility from Riyad Bank worth SAR 19 million, according to a statement to Tadawul.
 
 
The two-year facility will be used to cover the direct costs and general expenses, the statement added.
 
There are no related parties to the deal, the statement added.
 
The loan is guaranteed by a promissory ‎note and a letter of guarantee at the full ‎value of the loan.

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