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MIS extends loan deal worth SAR 100m with Bank Albilad

MIS extends loan deal worth SAR 100m with Bank Albilad
The loan term is valid until 31 December 2021.
ALBILAD
1140
2.90% 35.50 1.00
MIS
7200
2.81% 117.00 3.20

Riyadh – Mubasher: Al Moammar Information Systems (MIS) announced renewing a Sharia-compliant credit facility agreement valued at SAR 100 million with Bank Albilad.

The loan term is valid until 31 December 2021, MIS said in a bourse statement on Sunday.

The agreement, signed on 7 March 2021, is guaranteed by a promissory note provided by MIS in favour of Bank Albilad.