Alhasoob Obtains SR7.5 Short-term Financing from Al Rajhi Bank

Alhasoob Company announced on Tuesday about obtaining short-term financing in compliance with Islamic Sharia dated 10.01.2022 from Al Rajhi Bank.

Financing amount is SR7,500,000.00 for one year to support the company’s strategic plan Expansion to meet future needs.

Concerning guarantees offered for the financing is represented in promissory note of SR7, 837,500.00 and there is no related party, Tadawul indicated on Tuesday.