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Sadr Logistics secures short-term loan from ANB

Sadr Logistics secures short-term loan from ANB
Photo Archive
SADR
1832
-1.11% 392.00 -4.40
ANB
1080
1.05% 23.14 0.24

Riyadh – Mubasher: Sadr Logistics Company has obtained a short-term financing worth SAR 5 million from Arab National Bank (ANB), according to a disclosure to Tadawul on Monday.

The Sharia-compliant loan was secured through the Kafalah Fund under the small and medium enterprises loan guarantee programme.

The funding holds a one-year duration starting 12 September 2021.

Sadr Logistics aims to use this credit facility in financing imports under documentary credits opened by ANB.