Riyadh – Mubasher: Zahrat Al Waha for Trading Company has renewed a credit facility agreement worth SAR 60 million with Alinma Bank.

The funding is in line with the Shariah regulations, holding a duration from 14 July 2021 to 30 June 2022, according to a bourse filing on Wednesday.

Zahrat Al Waha aims to finance its working capital through the loan renewal.

Last month, the company announced a full repayment of a long-term loan worth SAR 11.02 million it had secured from Alinma Bank.