Logo ofAyyan Investment Co.
Ayyan Investment Co. obtained today, March 10, a Shariah-compliant credit facility (commercial Murabaha) worth SAR 300 million from Saudi National Bank (SNB) at competitive rates. 
In a statement to Tadawul, the company said the financing has a 10-year term, including a three-year grace period, and will be used to expand its investments in listed equity instruments on the Saudi market.
The guarantees provided for the financing include a promissory note and a pledge over part of the investment portfolio assets, the company added, noting that there are no related parties to the deal.
Logo ofAyyan Investment Co.
Ayyan Investment Co. obtained today, March 10, a Shariah-compliant credit facility (commercial Murabaha) worth SAR 300 million from Saudi National Bank (SNB) at competitive rates.
In a statement to Tadawul, the company said the financing has a 10-year term, including a three-year grace period, and will be used to expand its investments in listed equity instruments on the Saudi market.
The guarantees provided for the financing include a promissory note and a pledge over part of the investment portfolio assets, the company added, noting that there are no related parties to the deal.
