Saudi Farm Superstores renews $28.13mln credit facility

The loan will finance capital requirements and plans to open new branches

  
Image used for illustrative purpose. People shop at a market in Riyadh, Saudi Arabia, October 18, 2017.

Image used for illustrative purpose. People shop at a market in Riyadh, Saudi Arabia, October 18, 2017.

REUTERS/Faisal Al Nasser

Riyadh – Saudi Marketing Company (Farm Superstores) has renewed a SAR 105.5 million credit facility agreement with the National Commercial Bank (NCB).

The credit facility started on 3 September 2019 and will end on 31 March 2020, Farm Superstores said in a bourse statement released on Tuesday.

The loan will finance capital requirements and plans to open new branches, the Tadawul-listed company added.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Business