Avalon Pharma secures SAR 30M facilities from SAB

04/11/2024 Argaam
Logo ofMiddle East Pharmaceutical Industries Co. (Avalon Pharma)

Logo of Middle East Pharmaceutical Industries Co. (Avalon Pharma)

Middle East Pharmaceutical Industries Co. (Avalon Pharma) obtained credit facilities from Saudi Awwal Bank (SAB) worth SAR 30 million.

 

For more news on listed companies

 

The company added in a statement on Tadawul that the one-year facilities will go towards financing its operations.

 

A promissory note for full value will be provided as guarantee.

 

The deal has no related parties, the statement added.

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