National Building secures $27mln from Riyad Bank

National Building aims to diversify its income resources through this loan deal

  
Saudi currency, riyal, is seen at a local currency exchange in Manama, Bahrain October 16, 2018. Image used for illustrtor purpose only

Saudi currency, riyal, is seen at a local currency exchange in Manama, Bahrain October 16, 2018. Image used for illustrtor purpose only

REUTERS/ Hamad I Mohammed
Riyadh – National Building and Marketing Company has signed a Sharia-compliant credit facility agreement worth SAR 100 million with Riyad Bank.

The loan duration is three months starting 20 September 2021, according to a bourse disclosure on Monday.

National Building aims to diversify its income resources through this loan deal.

It is worth noted that the company is listed on the Parallel Market (NOMU) of the Saudi Exchange (Tadawul), while the bank is trading on the Main Market.

Source: Mubasher

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