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The deal is guaranteed by a promissory note

MIS amends, renews SAR 120m loan with Samba

SAMBA
1090 1.11% 27.25 0.30 MIS
7200 -2.41% 64.80 -1.60

Riyadh – Mubasher: Al Moammar Information Systems (MIS) Company has amended and renewed a Sharia-compliant credit facility agreement with Samba Financial Group to finance new projects. 

The deal, guaranteed by a promissory note, is valued at SAR 120.235 million, according to a bourse statement on Sunday.

The financing term starts on 10 September 2020 and ends on March 2021.

 

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