Aseer Trading, Tourism and Manufacturing Co. Announces Obtaining a Revolving shariah compliant short term Murabaha financing.
| Element List | Explanation |
|---|---|
| Introduction | Obtaining Short term financing for purchase and sell commodities revolving Murabaha from Alrajhi Bank. |
| Date of obtaining the funding | 2022-03-06 Corresponding to 1443-08-03 |
| Financing entity | Alrajhi Bank. |
| Financing amount. | SAR 200 Million. |
| Financing duration. | One year from FLA date and renewable annually. |
| Guarantees offered for the financing | Order note and pledge of shares. |
| Financing objective | To finance working capital requirements. |
| Related Parties | N/A |
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