Multi Business renews SAR 10M Shariah-compliant facilities with SNB
According to a statement on Tadawul, the company obtained a 12-month financing on Aug. 18, providing a promissory note worth SAR 11 million as collateral.
The general facilities were renewed for the purpose of issuing initial and final letters of guarantee and advance payment guarantees for current and future projects.
There are no related parties involved, the company noted.
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