“Misk” obtains facilities from the First Saudi Bank amounting to 100 million riyals

Middle East Specialized Cables Company acquired "Musk"obtained banking facilities compatible with the provisions of Islamic Sharia from the First Saudi Bank.

The company said in a statement on its website "Saudi Arabia trading"The value of the financing is 100 million riyals, until March 10, 2027.

She added that the guarantees provided in exchange for the financing: a promissory note worth 103,290,926 riyals.

She indicated that the goal of the facilities: financing working capital and issuing bank guarantees (guarantees of good performance).

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