Elm signs a SAR 1.9 billion financing agreement with SNB
Summary
Elm announced the signing of a Sharia-compliant banking facility agreement with Saudi National Bank (SNB) for SAR 1.9 billion.The company stated in a statement on Tadawul that the guarantees provided for the financing are promissory notes equal to the value of the facilities, for a period of five years.The purpose of this agreement, according to the company, is to finance the companys expansions and acquisitions.
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