Riyadh – Mubasher: Tihama Advertising and Public Relations on Wednesday signed a Sharia-compliant loan at a value of SAR 5 million with a subsidiary of Adeem Capital.
The two-year facility is guaranteed through a promissory note, Tihama said in a statement to the Saudi Stock Exchange (Tadawul).
Through the loan, Tihama aims to finance operating capital, in addition to supporting activities in its units.
The Tadawul-listed firm will repay the facility to Adeem Capital’s subsidiary on quarterly instalments.
Tihama Advertising and Public Relations’ stock inched up 0.23% to close Wednesday’s trading session at SAR 44.10.
