"Al-Muammar" Saudi Arabia renews an agreement on Islamic banking facilities with "SABB"

Al-Muammar Information Systems (MIS) announced the renewal of an Islamic banking facility agreement with the Saudi British Bank (SABB).

The company said in a statement to the Saudi market (Tadawul) today, Thursday, that the value of the financing is estimated at 204.114 million riyals, valid until December 31, 2020.

She explained that the date of obtaining the financing is June 24th, stating that the guarantees provided against the financing are a bond for an order in favor of the Saudi British Bank.

The company stated that the goal of the financing it obtained from (SABB) is to finance the new projects of the company.