Halwani Bros renews SAR 210 mln credit facility with Al Rajhi Bank

Halwani Bros Co. signed a renewal agreement for a Shariah-compliant credit facility worth SAR 210 million with Al Rajhi Bank.

The facility, which will finance working capital, is valid until the end of July 2024, to be renewed annually, according to a Tadawul filing today, Sept. 17.

The financing is covered by a promissory note, said the company, noting there are no related parties.

Source : Argaam