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Zahrat Al Waha secures SAR 30m loan from SABB

Zahrat Al Waha secures SAR 30m loan from SABB
The loan will be used in purchasing and importing raw materials
OASIS
3007
-0.16% 31.90 -0.05
SAB
1060
4.63% 35.00 1.55

Riyadh – Mubasher: Zahrat Al Waha for Trading Co. has announced signing a SAR 30 million loan with the Saudi British Bank (SABB).

The financing period will extend from 28 January 2019 until 31 December 2018, according to a statement to the Saudi Stock Exchange (Tadawul).

Zahrat Al Waha for Trading further noted that the loan will be used in purchasing and importing raw materials, in addition to financing its operating capital.

The loan was obtained through a promissory note.