Logo ofSaudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO)
Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) announced the renewal and increase of Shariah-compliant credit facility agreement with Saudi National Bank (SNB) to SAR 350 million. 
In a statement to Tadawul, the company said the short-term financing limit was increased from SAR 200 million to SAR 350 million.
SPIMACO added that the facilities have a tenor of nine months and will be used to finance working capital requirements.
The facilities are secured by a promissory note, SPIMACO noted, stressing that there are no related parties involved.
Logo ofSaudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO)
Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) announced the renewal and increase of Shariah-compliant credit facility agreement with Saudi National Bank (SNB) to SAR 350 million.
In a statement to Tadawul, the company said the short-term financing limit was increased from SAR 200 million to SAR 350 million.
SPIMACO added that the facilities have a tenor of nine months and will be used to finance working capital requirements.
The facilities are secured by a promissory note, SPIMACO noted, stressing that there are no related parties involved.
