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Riyadh – Mubasher: Sadr Logistics Company has obtained a short-term financing worth SAR 5 million from Arab National Bank (ANB), according to a disclosure to Tadawul on Monday.
The Sharia-compliant loan was secured through the Kafalah Fund under the small and medium enterprises loan guarantee programme.
The funding holds a one-year duration starting 12 September 2021.
Sadr Logistics aims to use this credit facility in financing imports under documentary credits opened by ANB.
Source:
Mubasher
