BATIC makes final payment on SAR 145 mln loan from NCB

24/01/2018 Argaam

BATIC Investments and Logistics Co. has paid in full a SAR 145 million loan obtained from the National Commercial Bank (NCB), the company said in a bourse statement.

 

The company paid the loan in 34 months, instead of the agreed upon period of 54 months.

 

The bank has released the company’s properties used as a guarantee for this credit, the statement added.

 

BATIC had obtained the SAR 145 Islamic bank facility in March 2015.

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