Saudi-listed Al Moammar Information Systems Co. today announced obtaining a 100 million Saudi riyals ($26.7mln) Shariah-compliant facility from Bank Albilad.
The banking facility will be used to finance assigned projects and multi-bonding facility, Al Moammar said in a bourse statement.
The facility is Shariah-compliant and will be subject to renewal annualy.
(Writing by Nada Al Rifai firstname.lastname@example.org, editing by Seban Scaria)
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