Logo ofSaudi Company for Hardware (SACO)
Saudi Company for Hardware (SACO) signed today, Feb. 1, a Shariah-compliant credit facility agreement worth SAR 150 million with the Saudi National Bank (SNB). 
The 12-month financing is secured by a SAR 165 million promissory note and will be used to finance working capital and issue letters of credit for procurement, SACO said in a statement on Tadawul.
There are no related parties involved the deal, the statement added.
Logo ofSaudi Company for Hardware (SACO)
Saudi Company for Hardware (SACO) signed today, Feb. 1, a Shariah-compliant credit facility agreement worth SAR 150 million with the Saudi National Bank (SNB).
The 12-month financing is secured by a SAR 165 million promissory note and will be used to finance working capital and issue letters of credit for procurement, SACO said in a statement on Tadawul.
There are no related parties involved the deal, the statement added.
