Halwani Bros. signs SAR 100M credit facility deal with Emirates NBD

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04:44 PM (Mecca time) Argaam
Logo ofHalwani Bros. Co.

Logo of Halwani Bros. Co. 

Halwani Bros. Co. signed a Shariah-compliant credit facility agreement worth SAR 100 million with Emirates NBD - KSA.

 

The one-year facility is renewable, subject to the terms and conditions of the agreement, the company said in a Tadawul statement.

 

It added that the loan, secured by a promissory note for the total facility amount, aims to finance working capital requirements.

 

There are no related parties to the deal.

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