Al-Rasheed: Increasing credit facilities from Emirates Bank Dubai to 35 million riyals

Mohammed Hadi Al Rasheed Company announced that it had obtained the approval of Emirates NBD Bank to increase the value of the credit facilities to 35 million riyals, while the company submitted a new promissory note for the full amount.

The company had announced on its website "Saudi Arabia trading" Last February, it obtained banking facilities compatible with the provisions of Islamic Sharia from Emirates NBD, worth 20 million riyals, for a period of 8 months.

She explained that the purpose of the facilities: financing working capital.

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