The facility will finance capital and operating expenditures for the development of the SAL Logistics Zone project.
SAL Saudi Logistics Services Co. announced that its subsidiary, SAL Zones, has signed a Shariah-compliant credit facility agreement with Saudi Awwal Bank (SAB) worth SAR 2.5 billion. 
The company said in a statement to Tadawul that the facility will finance capital and operating expenditures for the development of the SAL Logistics Zone project.
The guarantees provided against the facility consist of a bank guarantee issued by SAL, in addition to promissory notes.
The facility has a 15-year tenor, the statement added, noting that there are no related parties.
The facility will finance capital and operating expenditures for the development of the SAL Logistics Zone project.
SAL Saudi Logistics Services Co. announced that its subsidiary, SAL Zones, has signed a Shariah-compliant credit facility agreement with Saudi Awwal Bank (SAB) worth SAR 2.5 billion.
The company said in a statement to Tadawul that the facility will finance capital and operating expenditures for the development of the SAL Logistics Zone project.
The guarantees provided against the facility consist of a bank guarantee issued by SAL, in addition to promissory notes.
The facility has a 15-year tenor, the statement added, noting that there are no related parties.
