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Farm Superstores renews SAR 105.5m credit facility

Farm Superstores renews SAR 105.5m credit facility
One of Farm Superstores' branches
FARM SUPERSTORES
4006
-0.20% 19.96 -0.04
Default Company
1180.O
0.00% 0.00 0.00

Riyadh – MubasherSaudi Marketing Company (Farm Superstores) has renewed a SAR 105.5 million credit facility agreement with the National Commercial Bank (NCB).

The credit facility started on 3 September 2019 and will end on 31 March 2020, Farm Superstores said in a bourse statement released on Tuesday.

The loan will finance capital requirements and plans to open new branches, the Tadawul-listed company added.