Riyadh – Mubasher: Abo Moati for Bookstores Company has extended a Sharia-compliant credit facility agreement worth SAR 70 million with the Saudi Investment Bank (SAIB).

The credit facility agreement has been renewed for one year and is set to be used in financing the working capital, according to a bourse statement on Thursday.

Moreover, the loan is guaranteed by a promissory note from Abo Moati.