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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
1.28% 869.00 11.00
MIS
7200
20.00% 164.40 27.40

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.