The Integrated East Pipes Company for Industry “Al-Sharq Pipes” announced the signing of a Sharia-compliant banking facility agreement with the Arab Bank, including working capital financing facilities.
The company said in a statement published on the Saudi market website “Tadawul”, that the financing was obtained today, Tuesday 11-08-1443 corresponding to 06-07-2022.
The value of the financing amounted to 500 million riyals, for a period of 365 days.
The facilities aim to finance the working capital of one of the company’s projects.
