“Al-Moammar Information Systems” renews bank lines with “Al-Arabi Al-Watani” at 450 million riyals

Al-Moammar Information Systems Company has announced the renewal and modification of banking structures compatible with Islamic Sharia provisions with the Arab National Bank, worth 450 million riyals.

The company said in a statement on “Saudi Tadawul” today Tuesday that the funding period is valid until July 31, 2023.

It indicates that the agreement aims to finance contracts for new projects and to issue letters of credit and guarantees.

He added that the deal is secured by an order for the value of the facilities.

Read More About: Business News