Abo Moati inks SAR 35 mln credit facility with Bank Albilad

14/03/2022 Argaam

Logo of Abdullah Saad Mohammed Abo Moati for Bookstores Co.

Abdullah Saad Mohammed Abo Moati for Bookstores Co. signed a Shariah-compliant credit facility agreement worth SAR 35 million with Bank Albilad, according to a bourse filing.

 

The financing duration is nine months, the company said, adding that the facility is guaranteed by a promissory note.

 

The deal aims to finance the working capital. There are no related parties.

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