Tihama inks SAR 5 mln Murabaha agreement

30/01/2019 Argaam

Tihama Advertizing & Public Relations Co. has signed a SAR 5 million Murabaha agreement with an affiliate of Adeem Capital, the company said in a bourse statement.

 

The amount is intended to finance the company’s working capital and operating activities.

 

The credit which has a term of two years is covered by a promissory note and a mortgage of commercial debt balances.

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