Farm Superstores renews SAR 65m Islamic loan with SAIB

Riyadh-Mubasher: Saudi Marketing Co. (Farm Superstores) renewed on Tuesday a SAR 65 million Sharia-compliant credit facility (Murabaha), with Saudi Investment Bank (SAIB).

 The financing, secured by promissory notes, runs from 18 October 2015 to 30 April 2016.

The loan was initially taken to fund the company's operating capital and activities. 

Mubasher Contribution Time: 08-Dec-2015 13:00 (GMT)