AlNaqool Sons Co. gets Sharia-compliant trade facilitation financing worth SR15 mln

Mohammed Hassan Al Naqool Sons Company announces the signing of an agreement with National Commercial Bank to obtain banking facilities in the amount of 15,000,000 (fifteen million) Saudi riyals (in compliance with Islamic Sharia), and the Board of Directors approved in its meeting held on 7/28/2022 AD to initiate the Using it to finance the purchase of equipment, which will increase the production capacity of the plant and contribute to strengthening the financial position of the company and supporting its strategic objectives.

The financing duration would be 66 months including the first 6 months grace.