Logo of Saudi Advanced Industries Co. (SAIC)
Saudi Advanced Industries Co. (SAIC) renewed Shariah-compliant credit facilities worth SAR 60 million with Al Rajhi Capital. 
In a statement to Tadawul, the company said the one-year facility was obtained on July 7, noting that a portion of its investment portfolio’s assets, equivalent to the facility amount, was pledged as collateral.
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The facility is intended to support the expansion of its investment activities, the statement added, adding that no related parties are involved in the agreement.
Logo of Saudi Advanced Industries Co. (SAIC)
Saudi Advanced Industries Co. (SAIC) renewed Shariah-compliant credit facilities worth SAR 60 million with Al Rajhi Capital.
In a statement to Tadawul, the company said the one-year facility was obtained on July 7, noting that a portion of its investment portfolio’s assets, equivalent to the facility amount, was pledged as collateral.
For more news on listed companies
The facility is intended to support the expansion of its investment activities, the statement added, adding that no related parties are involved in the agreement.
