“Shree” signs a facilities agreement with Alinma Bank worth 250 million riyals

Today, Shree Trading Company signed a credit facility agreement compatible with Sharia controls with Alinma Bank.

The company said in a statement on its website: "Saudi Arabia trading"The value of the financing is 250 million riyals, while the duration of the financing is 3 years.

She added that the guarantees provided in exchange for the financing: a promissory note from the company, in addition to a waiver of revenue proceeds.

She noted the use of the facilities to finance the purchase of vehicles designated for customers of long-term leasing contracts.

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