Mufeed secures SAR 17.5M facilities from SAB

08:48 AM (Mecca time) Argaam- Nomu
Mufeed obtained Shariah-compliant banking facilities totaling SAR 17.5 million from SAB

Mufeed obtained Shariah-compliant banking facilities totaling SAR 17.5 million from SAB

Nomu-listed Mufeed Co. said it obtained Shariah-compliant banking facilities totaling SAR 17.5 million from Saudi Awwal Bank (SAB) on Dec. 28.

 

In a statement to Tadawul, the company said the funds aim to support its operational and expansion activities in line with its strategic plans and Saudi Vision 2030 objectives.

 

Mufeed said no related parties are involved and the financing has a 12-month term.

 

The company provided a promissory note worth SAR 17.5 million as collateral for the facilities, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.