Zahrat Al Waha for Trading Co. announces the renewal of the credit facilities agreement that is in line with the Sharia regulations from Alinma Bank

Zahrat Al Waha for Trading Co. announces the renewal of the credit facilities agreement that is in line with the Sharia regulations from Alinma Bank

Agreement renewal date: 14-07-2021 Corresponding to 04-12-1442

Agreement amount: 60,000,000 SR

Agreement duration: from 14-07-2021 to 30-06-2022

Guarantees offered for the agreement: Order Notes by the company with the total value of the facilities.

Agreement objective: Opening LCs for purchase raw materials.

Related Parties: There are no related parties.

Additional Information: The limit for opening short-term credits and facilities was renewed to finance working capital with the same value of 60,000,000 SR.

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