“Tubi” renews a facility agreement with Alinma Bank for 135 million riyals

Today, Al-Motqan Offer for Commercial Services Company (Tubi) renewed the banking facilities agreement compatible with the provisions of Islamic Sharia with Alinma Bank.

The company said in a statement on its website "Saudi Arabia trading"The value of the financing is 135 million riyals, while the duration of the financing will be until January 19, 2027.

She explained that the guarantees provided in exchange for the financing: a promissory note for the value of the facilities.

She stated that the purpose of the facilities is: to finance new project contracts and issue documentary credits and guarantees.

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