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Sadr Logistics Co. Announces Obtaining a short term financing

SADR 1832 -0.55% 395.00 -2.20
Element List Explanation
Introduction Sadr Logistics Services Company announces that it has obtained Shariah-compliant financing from the Arab Bank, amounting to 5 million riyals through the Kafalah Fund within the small and medium enterprises Loan guarantee program.
Date of obtaining the funding 2021-09-12 Corresponding to 1443-02-05
Financing entity Arab national Bank.
Financing amount. 5 million Saudi riyals
Financing duration. One year.
Guarantees offered for the financing A promissory note for the value of the financing amount and a guarantee of Kafalah Fund within the small and medium enterprises Loan guarantee program.
Financing objective Financing imports under documentary credits opened by the bank.
Related Parties There are no related parties involved in this transaction.

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