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Abo Moati extends SAR 40m loan deal with NCB

Abo Moati extends SAR 40m loan deal with NCB
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NCB
1180
0.56% 44.80 0.25
ABO MOATI
4191
0.78% 51.50 0.40

Riyadh – Mubasher: Abo Moati for Bookstores Company said it has renewed a Sharia-compliant credit facility agreement worth SAR 40 million on Thursday with the National Commercial Bank (NCB).

The credit facility is guaranteed by a promissory note from Abo Moati, the company said in a statement to the Saudi Stock Exchange (Tadawul).

Abo Moati further added it will use the loan in financing its working capital.