Zahrat Al Waha Renews Credit Facilities of SR115.5 mln with Saudi Investment Bank

Zahrat Al Waha for Trading Company announced on Sunday the renewal of the credit facilities agreement that is in line with the Sharia regulations with the Saudi Investment Bank. The Financing amount is SR115,575,565.97. The financing duration is from 03.04.2022 to 31.07.2022.

The company said that the guarantees offered for the financing are represented in order notes by the company with the total value of the facilities mortgage of the company’s investment portfolio shares.

It added that the financing objective is to purchase and import raw materials required for manufacturing activity, purchase and import machines and injection molds to finance capital expansions and financing general investment.

The general investment financing limit has been added at an amount of SR 50,000,000.