6 Shawwal 1446 - 5 April 2025
    
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Eye of Riyadh
Business & Money | Saturday 5 April, 2025 11:51 am |
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Elm inks SAR 1.9B banking facilities agreement with SNB

Elm Co. signed, on March 27, a SAR 1.9 billion Shariah-compliant banking facilities agreement with Saudi National Bank (SNB).

 

In a statement to Tadawul, the company said that the financing period is five years, and the step aims at funding expansions and acquisitions.

 

The credit is covered by a promissory note.

 

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