Waja signs a facilities agreement with Alinma Bank worth 16 million riyals

Today, Waja Company signed a credit facility agreement compatible with the provisions of Islamic Sharia with Alinma Bank.
The company said in a statement on the Saudi Tadawul: The value of the financing is 16 million riyals.
She added that the financing period is one year, noting that the guarantees provided in exchange for the transfer are: a promissory note from the company.
She stated that the purpose of the facilities is to finance Islamic documentary credits and various Islamic letters of guarantees.