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Zahrat Al-Waha, SAIB ink SAR40m agreement

Zahrat Al-Waha, SAIB ink SAR40m agreement
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OASIS
3007
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1.59% 13.40 0.21

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.