Al Naqool obtains SAR 5.5 mln Shariah-compliant credit facility from Al-Amthal Financing

08/12/2022 Argaam

Al Naqool obtains SAR 5.5 mln Shariah-compliant credit facility from Al-Amthal Financing

Logo of Mohammed Hasan Al Naqool Sons Co.

Mohammed Hasan Al Naqool Sons Co. (Al Naqool) obtained a Shariah-compliant credit facility worth SAR 5.5 million from Al-Amthal Financing Co.

 

In a statement to Tadawul, today, Dec. 8, Al Naqool pointed out that the four-year facility took effect on Dec. 7. It is aimed at financing the working capital and boosting the company’s current projects.

 

The facility is secured by a real estate guarantee. There are no related parties involved in the transaction, the statement added.

 

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