Riyadh – Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) has renewed a credit facilities agreement worth SAR 30 million with Bank Albilad, according to a bourse filing on Monday.
The sharia-compliant loan deal carries a duration of one year, and is guaranteed by a promissory note in favour of the bank.
The final approval for the agreement was granted on 12 April 2021.
FIPCO had extended a loan agreement with Bank Albilad in April 2020.
