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  • 07-01-20

    Al Kathiri Holding Co., NCB to renew existing Shariah-compliant credit facilities

    (MENAFN) As said in a bourse statement by Al Kathiri Holding Co., the company signed a deal with National Commercial Bank (NCB) to renovate and increase the value of recent Shariah-compliant credit facilities from SAR 3 million to SAR 5 million.


    According to the statement, the credit term, which stays until August 31, 2020, could be expanded.


    The statement said, the amount is covered by a promissory note and is planned to be used in funding working capital and achieving other business needs.


    No linked parties are concerned with the agreement.

    MENAFN0701202000450000ID1099517163

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