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Zahrat Al-Waha, SAIB ink SAR40m agreement

Zahrat Al-Waha, SAIB ink SAR40m agreement
Photo Archive
OASIS
3007
-0.16% 31.90 -0.05
SAIB
1030.B
-0.70% 17.04 -0.12

Riyadh - Mubasher: Zahrat Al Waha for Trading Company has signed a finance facilitation agreement with the Saudi Investment Bank (SAIB).

The sharia-compliant financing agreement has a total value of SAR 40 million, and it runs from 4 March 2018 to 31 March 2019.

The company will use the funds to acquire raw materials and enhance the operating capital.