Alhasoob secures SAR 10M medium-term facility with Al Rajhi Bank

05:12 PM (Mecca time) Argaam- Nomu
The financingaims to support the company's strategic plan, expansion, and to meet future needs

The financing aims to support the company's strategic plan, expansion, and to meet future needs

Alhasoob Co. obtained a medium-term, Shariah-compliant credit facility worth SAR 10.2 million from Al Rajhi Bank.

 

In a statement to Tadawul today, Jan. 18, the company said the four-year financing aims to support its strategic and expansion plans, while also meeting its future needs.

 

It added that a promissory note covering the full exposure was provided as a guarantee for the financing. There are no related parties involved.

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