Abo Moati Bookstores agree Islamic finance

Signing an Islamic finance facilities agreement with Bank Al Jazira.

Riyadh - Mubasher: Abdullah Saad Mohammed Abo Moati for Bookstores Company announced on Sunday signing an Islamic finance facilities agreement with Bank Al Jazira.

The bank will provide SAR 50 million in Islamic finance facilities, according to a statement to the Saudi Stock Exchange (Tadawul).

The aim is to finance the company’s working capital.

Abo Moati’s stock was listed on Tadawul on 11 November, after trading on the Nomu Parallel Market since 26 February 2017.

Source: Mubasher

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