FARM SUPERSTORES
4006
41.03%
28.15
8.19
4006
Riyadh – Mubasher: Saudi Marketing (Farm Superstores) renewed its credit facility deal with the National Commercial Bank (NCB) at a value of SAR 229.27 million.
The financing period extends from the beginning of April 2017 until 31 March 2018, according to a bourse filing on Thursday.
The contract aims to boost the company's working capital and opening new branches.
The loan was secured by a promissory note, the statement said.
On 2 April, the Saudi-listed company had signed a credit facility agreement with the National Bank of Kuwait (NBK) worth SAR 105 million.
Source:
Mubasher