The credit facility is guaranteed by a promissory note
Riyadh – Mubasher: Al Moammar Information Systems (MIS) Company has renewed a credit facility agreement of SAR 204.11 million with the Saudi British Bank (SABB) on 24 June to finance the company’s new projects.
The loan term is valid until 31 December 2020, according to a bourse statement on Thursday.
Moreover, the loan is guaranteed by a promissory note, MIS said, noting that no related parties were involved in the deal.
Source:
Mubasher
