‎“Al-Waha” renews a financing and banking services agreement ‎with SNB for SR60 mln

Zahrat Al-Waha Trading Company announced the renewal of the financing and Islamic banking services agreement at 60 million riyals, with the National Bank of Saudi Arabia, explaining that the financing period starts from today, June 6 until February 28, 2024 AD.

The company said in a statement on “Tadawul” that the aim of the financing is to open letters of credit for the purchase of raw materials, in exchange for a guarantee of a promissory note submitted by the company for the total value of the facilities.