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Riyadh – Saudi Marketing Co (Farm Superstores) announced renewing its sharia-compliant facility agreement with Alinma Bank.
The SAR 130 million loan deal has been extended to 30 April 2020, the company said in a statement to the Saudi Stock Exchange (Tadawul) on Thursday.
The facility will be used to meet the requirements of the company’s working capital, the statement added.
In January, Farm Superstores Co renewed its SAR 200 million sharia-compliant credit facility with Al Rajhi Bank.
Source: Mubasher
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