Logo ofMiddle East Pharmaceutical Industries Co. (Avalon Pharma)
Middle East Pharmaceutical Industries Co. (Avalon Pharma) renewed Shariah-compliant credit facilities worth SAR 104 million with Banque Saudi Fransi (BSF). 
In a statement to Tadawul, the company said the one-year facilities were guaranteed by offering promissory notes with an amount equivalent to the facilities.
The facilities will help finance the company’s working capital.
There are no related parties to the deal, the statement added.
Logo ofMiddle East Pharmaceutical Industries Co. (Avalon Pharma)
Middle East Pharmaceutical Industries Co. (Avalon Pharma) renewed Shariah-compliant credit facilities worth SAR 104 million with Banque Saudi Fransi (BSF).
In a statement to Tadawul, the company said the one-year facilities were guaranteed by offering promissory notes with an amount equivalent to the facilities.
The facilities will help finance the company’s working capital.
There are no related parties to the deal, the statement added.
