Al -Arabiya signs an agreement with the first Saudi Bank with 972 million riyals

Today, the Arab Technical Undersecretary Company signed a long -term banking facilities agreement compatible with the provisions of Islamic Sharia with the first Saudi Bank.
The company said in a statement to Saudi Arabia’s circulation: The agreement is 972 million riyals, to re -financing the acquisition loan to the Faddad Agency for advertising and advertising in line with the company’s strategy to reduce financing costs and increase profitability.
She added that the financing period is 8 years, noting that the guarantees submitted against the funding: a support of an order.