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MIS extends, amends SAR 84.6m loan with NBK

MIS extends, amends SAR 84.6m loan with NBK
The loan is guaranteed by a promissory note
NBK
NBK
0.45% 885.00 4.00
MIS
7200
9.97% 84.90 7.70

Riyadh – Mubasher: Al Moammar Information Systems (MIS) Company has amended and extended a Sharia-compliant credit facility agreement with the National Bank of Kuwait (NBK) to finance projects and issue letters of guarantee.

The loan is valued at SAR 84.592 million and guaranteed by a promissory note, according to a bourse statement on Monday.

The financing period starts on 13 September 2020 and ends on 15 July 2021.