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Abo Moati extends loan agreement with SNB

Abo Moati extends loan agreement with SNB
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SNB
1180
-2.69% 43.50 -1.20
ABO MOATI
4191
1.33% 45.62 0.60

Riyadh – Mubasher: Abdullah Saad Mohammed Abo Moati for Bookstores has renewed a Sharia-compliant credit facilities agreement with the Saudi National Bank (SNB) at a total value of SAR 65 million.

The loan duration is one year from the date of obtaining the funding on 14 December 2021, according to a bourse filing on Tuesday.

Abo Moati aims to finance its working capital through the renewal of the credit facilities agreement with SNB.