Tanmiah’s subsidiaries secure SAR 200M credit facilities from ANB

▤ Summary

Tanmiah Food Co. announced today, April 27, that its subsidiaries Agricultural Development Co. (ADC), Desert Hills for Veterinary Services Co., and Tanmiah Restaurants for Fast Food Co. (TRC) have obtained a SAR 200 million Shariah-compliant short-term credit facility from the Arab National Bank (ANB).The facilities will be directed to cover working capital needs, the company stated in a statement to Tadawul.For more news on listed companiesThe company noted that the financing term will be one year, pointing out that a promissory note was submitted as a guarantee and no related parties are involved.

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