Abo Moati renews SAR 65 mln Shariah-compliant facility with SNB

14/12/2021 Argaam

Logo of Abdullah Saad Mohammed Abo Moati for Bookstores Co.

Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) renewed today, Dec. 14, its SAR 65 million Shariah-compliant credit facilities agreement with Saudi National Bank (SNB).

 

The financing period is one year and is guaranteed with a promissory note, the company said in a bourse filing.

 

The credit will be used to finance the company’s working capital.

 

There are no related parties, the statement noted.

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