Zahrat Al Waha renews SAR 60M credit facility deal with SNB

15/09/2024 Argaam

Zahrat Al Waha renews SAR 60M credit facility deal with SNB

Logo of Zahrat Al Waha Trading Co.

Zahrat Al Waha Trading Co. renewed an Islamic financing and banking services agreement with Saudi National Bank (SNB) worth SAR 60 million.

 

In a statement to Tadawul today, Sept. 15, the company added that the facilities are valid as of today until May 31, 2025. The financing is guaranteed by a promissory note at the facilities’ total value.

 

For more news on listed companies

 

The facilities are aimed at opening letters of credit for the purchase of raw materials. There are no related parties to the deal, it noted.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read