Riyadh Cables signs credit facility agreement with Saudi Exim Bank of SAR 600 million

Riyadh Cables Group Co. announces the signing of a credit facility agreement with the Saudi Exim Bank for Export & Pre-export Working Capital Financing.

The company stated on Tuesday on Tadawul that the financing amounts to SAR 600 million, valid till 30.04.2024, adding that the guarantee offered for financing is a promissory note covering 100% of the value of the credit facilities.

Declaring that the financing is Sharia compliant and there are no related parties.