Al Kathiri Holding Co. inked on Sunday a Sharia-compliant credit facility agreement worth SAR 6.523 million with Riyad Bank, the Nomu-listed company said in a statement to Tadawul.

 

The facility will go toward financing the company’s working capital and meeting other business requirements.

 

The loan, which will extend until June 12, 2021, was guaranteed by a promissory note for the bank, the statement said.

 

No related parties are involved in the deal, it added.

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