Pan Gulf secures SAR 57.1M credit facilities from Al Rajhi Bank

Pan Gulf Marketing Co. obtained, on Oct. 16, SAR 57.09 million worth of Shariah-compliant credit facilities from Al Rajhi Bank, according to a statement to Tadawul.

The one-year credit facilities were provided with no guarantees in return.

Pan Gulf will use the funds to finance working capital, the statement said, adding there are no related parties to the deal.