Abo Moati renews SAR 60 mln credit facilities with SAIB

13/03/2022 Argaam

Logo of Abdullah Saad Mohammed Abo Moati for Bookstores Co.  

Abdullah Saad Mohammed Abo Moati for Bookstores Co. (Abo Moati) renewed, on March 10, Sharia-compliant credit facilities worth SAR 60 million with The Saudi Investment Bank (SAIB), according to a bourse statement.

 

The one-year facilities are secured by a promissory note, the statement said, noting that there are no related parties to the agreement.

 

The facilities will be used for financing the company's working capital.

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