SASCO inks SAR 280 mln credit facility deal with Riyad Bank
04/02/2019
Argaam
Saudi Automotive Services Co. (SASCO) signed today a credit facility agreement with Riyad Bank, the firm said in statement to Tadawul.
The sharia-compliant SAR 280 million facility includes a SAR 150 million long term loan, a SAR 100 million short term loan, as well as government guarantees worth SAR 30 million, it said.
The short-term financing extends for six months, while the tenor of the long-term financing runs for seven years, including a grace period of two years, the statement said.
The credit facility, which is intended to finance working capital requirements and future expansions, is covered by a promissory note of SAR 330 million.
There are no related parties, the statement added.
Market Indices
TASI
10,542.23
(47.72)
(0.45 %)
Quotes
RIBL
19.96
0.25
1.27%
SASCO
40.10
(0.76)
(1.86%)
About Us
Join Us
Argaam Tools is an advanced tool that provides investors, analysts, research houses, and corporate executives with easy access to a single source for in-depth data on macroeconomy, capital market, sectors, and companies insights.
Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}