Riyadh – Mubasher: Abdullah Saad Mohammed Abo Moati for Bookstores has renewed a Sharia-compliant credit facilities agreement with the Saudi National Bank (SNB) at a total value of SAR 65 million.

The loan duration is one year from the date of obtaining the funding on 14 December 2021, according to a bourse filing on Tuesday.

Abo Moati aims to finance its working capital through the renewal of the credit facilities agreement with SNB.