Publisher: Maaal International Media Company
License: 465734
Thursday, 3 April 2025
Elm signs a SAR 1.9 billion financing agreement with SNB
Elm announced the signing of a Sharia-compliant banking facility agreement with Saudi National Bank (SNB) for SAR 1.9 billion.
The company stated in a statement on Tadawul that the guarantees provided for the financing are promissory notes equal to the value of the facilities, for a period of five years.
The purpose of this agreement, according to the company, is to finance the company’s expansions and acquisitions.
Articles
© 2025 All rights reserved to Maaal Newspaper