Riyadh – Mubasher: Saudi Arabia-based Batic Investments and Logistics Co (BATIC) has repaid a SAR 145 million loan that it had obtained on 10 March 2015.
The payment was self-financed through BATIC’s funding sources.
The funding has been paid back during two years and ten months, instead of four and a half years, according to a statement on Wednesday to the Saudi Stock Exchange (Tadawul).
Provided by the National Commercial Bank (NCB) under Islamic finance system, the facility was allocated to cover acquiring 95% stake in the Arabian Security & Safety Services Company (AMNCO).
