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Farm Superstores, NBK ink SAR 105m credit facility

Farm Superstores, NBK ink SAR 105m credit facility
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FARM SUPERSTORES
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Riyadh – Mubasher: Saudi Marketing (Farm Superstores) signed a credit facility agreement with the National Bank of Kuwait (NBK).

The SAR 105 million financing will be dedicated to the company’s capital expenses, according to a bourse filing on Sunday.

The agreement will extend from 23 March 2017 to 31 March 2018.

The guarantee for the loan is a promissory note worth SAR 105 million for NBK.