Logo of WAJA Co.
WAJA Co. renewed its Shariah-compliant credit facility deal worth SAR 19 million with Al Rajhi Bank.
In a statement to Tadawul, the company said the one-year financing was obtained today, Feb. 3. It noted that a promissory note was provided as collateral.
WAJA clarified that the purpose of the facility is the Islamic financing of various guarantees, besides facilitating deferred sales.
Be the first to comment
Comments Analysis: