Abo Moati Stationery renews facility worth SAR 40 mln

01/08/2017 Argaam

Abdullah Saad Mohammed Abo Moati Stationeries Co. has renewed SAR 40 million worth of Sharia-compliant facility with The National Commercial Bank (NCB), the company said in a statement to Tadawul.

 

The facility which extends until March 31, 2018, will be used to finance the company’s working capital requirements and are guaranteed by a promissory note.

 

There were no related parties involved, the statement added. 

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