Riyadh – Zahrat Al Waha for Trading Company has renewed a credit facility agreement worth SAR 60 million with Alinma Bank.
The funding is in line with the Shariah regulations, holding a duration from 14 July 2021 to 30 June 2022, according to a bourse filing on Wednesday.
Zahrat Al Waha aims to finance its working capital through the loan renewal.
Last month, the company announced a full repayment of a long-term loan worth SAR 11.02 million it had secured from Alinma Bank.
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