SIDC subsidiary secures SAR 10M credit facility from SDB
In a statement to Tadawul, SIDC said the five-year agreement was signed on May 15. The facilities will be used for capital expansions.
The amount is fully guaranteed by a promissory note. A performance bond is also provided by Emdad partners: Global Marketing Co. for Sleeping System Ltd. (Sleep High) and Road Storm Trading & Contracting Co.
All legal measures were finalized, with the final copy received on June 18.
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