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Renewal of Islamic banking facilities agreement

Fri Nov 20 19:03:33 AST 2020

Saudi Company for Hardware (SACO) announces the renewal of Islamic banking facilities agreement with the Saudi British Bank as following:
1.loan was signed by company on 05-11-2015
2.Loan amount of SAR 104,448,887
3.Loan period duration from 30-09-2015 to 30-09-2016.
4.The purpose of the loan to finance the working capital
5.Loan guarantee : order note amounting 104,448,887 SAR.