MIS extends, amends SAR 84.6m loan with NBK

NBK
NBK 0.58% 866.00 5.00 MIS
7200 -0.16% 63.90 -0.10

Riyadh – Mubasher: Al Moammar Information Systems (MIS) Company has amended and extended a Sharia-compliant credit facility agreement with the National Bank of Kuwait (NBK) to finance projects and issue letters of guarantee.

The loan is valued at SAR 84.592 million and guaranteed by a promissory note, according to a bourse statement on Monday.

The financing period starts on 13 September 2020 and ends on 15 July 2021.

Source: Mubasher Source: {{details.article.source}}