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Alhasoob obtains SAR 7.5m Sharia-compliant financing

Alhasoob obtains SAR 7.5m Sharia-compliant financing
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ALRAJHI
1120
-0.42% 59.50 -0.25
ALHASOOB
9522
7.50% 33.84 2.36

Riyadh – Mubasher: Alhasoob Co. has been granted short-term Sharia-compliant financing worth SAR 7.5 million from Al Rajhi Bank.

The one-year financing will support the company to fulfill its strategic expansion plan to meet future needs, according to a bourse filing on Tuesday.

The guarantees offered for the financing comprise SAR 7.837 million promissory notes.