Al Naqool receives financing from Tamweel Aloula

The 36-month funding is covered by a promissory note

  
Riyadh - Mubasher: Mohammed Hassan Al Naqool Sons Co. received a SAR 4.7 million Shariah-compliant financing from Tamweel Aloula Company.

The funding will be used to purchase equipment in order to boost production capacity, the company said in a statement to the Saudi Stock Exchange (Tadawul) on Tuesday.

The 36-month funding is covered by a promissory note.

The Saudi company has been listed and trading on the Saudi Exchange’s (Tadawul) Nomu-Parallel Market Capped Index (NomuC) since 2 June.

Source: Mubasher

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