“Umm Al-Qura Cement” obtains facilities worth 60 million riyals from the National Bank

Company signed "Umm Al-Qura Cement"Today, Monday, a credit facility agreement compatible with the provisions of Islamic Sharia was concluded with the National Bank of Saudi Arabia, with a total value of 60 million riyals.

According to a statement on… "Saudi Arabia trading"The financing period is one year, against a promissory note worth 66 million riyals.

The financing aims to finance working capital, finance capital expenditures, issue letters of guarantee and open documentary credits, while there is no obligation on the company in the event of not using the granted credit facilities.

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