“Motivated” renews a facility agreement worth 100 million riyals with Alinma Bank

Today, the Saudi Advanced Industries Company (Motajah) renewed credit facilities 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 100 million riyals, while the duration of the financing is one year.

She added that the guarantees provided in exchange for the financing: a promissory note, and mortgaging a portion of the assets of the investment portfolio equivalent to the value of the credit facilities.

She indicated that the goal of the financing is: expanding the company’s investments.

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