Knowledge Tower secures SAR 5M credit facilities from Al Rajhi Bank

05/12/2023 Argaam

Knowledge Tower secures SAR 5M credit facilities from Al Rajhi Bank

Logo of Knowledge Tower Trading Co.

Knowledge Tower Trading Co. secured SAR 5 million worth of Shariah-compliant credit facilities from Al Rajhi Bank.

 

The finance term is three years, Knowledge Tower said in a statement to Tadawul, adding that the facilities were guaranteed by a promissory note.

 

The facilities will be used to finance the company’s objectives. There are no related parties to the agreement.

 

The credit facilities were obtained under better commercial terms and competitive rates, the company added.

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