“Bahri” signs a facilities agreement with Al Rajhi Bank worth 3 billion riyals

Today, the Saudi National Shipping Company (Bahri) signed a revolving credit Murabaha facility agreement with Al Rajhi Bank.
The company said in a statement on Saudi Tadawul: The value of the financing is estimated at $800 million (equivalent to 3 billion riyals).
She added that the financing period: 5 years, noting that the guarantees provided in exchange for financing: a promissory note.
She stated that the aim of the financing: to support and enhance the company’s financial position and cover working capital requirements and capital expenditures.