‎Arabian Mills board approves SAR 50M Murabaha prepayment to SAB

‎Arabian Mills board approves SAR 50M Murabaha prepayment to SAB ‎Arabian Mills board approves SAR 50M Murabaha prepayment to SAB

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The company said the move forms part of efforts to support sustainable financial performance

Arabian Mills for Food Products Co. said its board of directors approved a voluntary prepayment of SAR 50 million under its existing Murabaha financing agreement with Saudi Awwal Bank (SAB).

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In a statement to Tadawul, the company said the prepayment is expected to reduce financing costs, supporting its financial performance and contributing to the sustainability of its operations.

 

The company said the move forms part of efforts to support sustainable financial performance

Arabian Mills for Food Products Co. said its board of directors approved a voluntary prepayment of SAR 50 million under its existing Murabaha financing agreement with Saudi Awwal Bank (SAB).

In a statement to Tadawul, the company said the prepayment is expected to reduce financing costs, supporting its financial performance and contributing to the sustainability of its operations.

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