The Saudi Ground Services Company announced the signing of a Murabaha financing agreement with the Saudi British Bank (SABB) in the amount of 500 million riyals.
The company said in a statement to the Saudi market (Tadawul) today, Wednesday, that the financing period is 30 months with a bond guarantee for an order.
She explained that the aim of the financing is to support the cash liquidity to cover the working capital required for operations.
Finance also aims to achieve the balanced monetary policy that the company has set as one of the precautionary measures to strengthen the current cash reserve, which gives the company high flexibility to limit the impact of the pandemic on the financing of capital Working money, and the continuity of work on strategic plans for the company's growth and upgrading its services.
