Logo ofSaudi Advanced Industries Co. (SAIC)
Saudi Advanced Industries Co. (SAIC) signed today, March 24, a Shariah-compliant credit facility agreement with Alinma Bank worth SAR 100 million, aimed to finance expanding the company’s investments. 
In a statement to Tadawul, SAIC said the one-year financing is guaranteed by a promissory note, besides pledging a portion of its investment portfolio assets.
For more news on listed companies
The company noted that there are no related parties to the deal.
Logo ofSaudi Advanced Industries Co. (SAIC)
Saudi Advanced Industries Co. (SAIC) signed today, March 24, a Shariah-compliant credit facility agreement with Alinma Bank worth SAR 100 million, aimed to finance expanding the company’s investments.
In a statement to Tadawul, SAIC said the one-year financing is guaranteed by a promissory note, besides pledging a portion of its investment portfolio assets.
For more news on listed companies
The company noted that there are no related parties to the deal.
