Abo Moati extends SAR 40m loan deal with NCB

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26 November 2020 04:45 PM

SNB
1180

0.10% 40.34 0.04

ABO MOATI
4191

-0.46% 47.78 -0.22

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.

Banking and Finance Companies Investments

Source: Mubasher

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