“My Poultry” signs two facilities with Al -Rajhi Bank with 433 million riyals

Baladi Poultry Company signed, last Thursday, a bank facilities agreement compatible with Islamic Sharia provisions with Al -Rajhi Bank.
The company said in a statement on Saudi Arabia’s circulation: The value of the financing is 100 million riyals, while the financing period is 12 months.
She added that the guarantees submitted in exchange for financing are support for an order, while financing aims to facilitate the purpose of financing the requirements of working capital.
And last Thursday, Baladi Poultry Company signed a bank facilities agreement compatible with Islamic Sharia provisions with Al -Rajhi Bank.
The company said: The value of the financing is 333 million riyals, while the financing period is 84 months with a period of grace 24 months.
She added that the guarantees submitted against funding are support for an order, while facilitating strategic expansions, purchasing production equipment and completing construction work.