MIS renews, amends SAR 80.7 mln credit facility agreement with SAMBA

24/03/2020 Argaam

 

Al Moammar Information Systems Co. (MIS) renewed and amended SAR 80.72 million Shariah compliant credit facility agreement with Samba Financial Group (SAMBA), the company said in a bourse statement.

 

The amount is used to finance the company’s new projects, while the funding term is one year from March 23, 2020 until March 22, 2021, the statement added.

 

The facility is covered by a promissory note in favor of Samba.

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