Zahrat Al Waha inks SAR 67 mln credit facility with Alinma Bank
11/06/2019
Argaam
Zahrat Al Waha for Trading Co. renewed on Monday a SAR 67.4 million credit facility with Alinma Bank, the company said in a statement to Tadawul.
The credit term starts from June 10, 2019 and ends June 30, 2020.
The facility will be used to finance the purchase of raw material, equipment and machinery.
The loan was secured against a promissory note, the statement said, adding that the deal has no related parties.
The funding limit of short-term facilities has been renewed to finance the working capital by SAR 60 million, while the limit for purchasing machinery and equipment has been renewed and reduced from SAR 10 million to SAR 7.4 million, it added.
Market Indices
TASI
10,542.23
(47.72)
(0.45 %)
Quotes
ALINMA
24.36
(0.34)
(1.38%)
OASIS
2.58
0.02
0.78%
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}}