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Saudi Advanced Industries Company (SAIC) has renewed a SAR 100 million ($26.7 million) Sharia-compliant loan facility with Alinma Bank.
The latest facility will support its investment expansion.
The facility has a one-year tenor, with SAIC providing a promissory note and pledging a portion of its investment portfolio assets equivalent to the value of the credit facility as a guarantee.
The latest facility will support its investment expansion.
(Writing by Bindu Rai, editing by Seban Scaria)
