“Al Waha” signs a financing and banking services agreement with “QNB” for 60 million riyals

Zahrat Al Waha Trading Company announced the signing of a financing and banking services agreement with Qatar National Bank according to the terms, conditions and principles of Islamic Sharia, for 60 million riyals.

The company said that the guarantees provided against the financing are a promissory note provided by the company for the total value of the facilities.

According to the statement published on “Tadawul”, the purpose of the financing is to open documentary credits to purchase raw materials.