WAJA renews SAR 20M credit facility deal with SNB

04:10 PM (Mecca time) Argaam- Nomu
Logo ofWAJA Co.

Logo of WAJA Co.

WAJA Co. renewed its Shariah-compliant credit facility deal worth SAR 20 million with Saudi National Bank (SNB).

 

In a statement to Tadawul, the company said the one-year financing was obtained today, Feb. 23. It noted that a promissory note was provided as collateral.

 

WAJA clarified that the purpose of the facility is the Islamic financing of bank guarantees, letters of credit, and trade facilitation.

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