Inma Bank secures 85 million riyals credit deal with National Building

National Building and Marketing Company “Al-Watania Building” announced that it has signed a credit facility agreement granted by “Al-Inma Bank” compatible with Sharia rules for the financing of working capital needs, for a value of 85 million riyals.

The company said in a statement on “Saudi Arabia’s Tadawul” today, Monday, that the guarantees provided in in exchange for the loan are a fine and a performance bond provided by the chairman of the board of directors.

He added that the funding period is 9 months.

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