Mohammed Hassan Al Naqool Sons Company announced the signing of an agreement with National Commercial Bank to obtain banking facilities in the amount of SAR 15,000,000 (in compliance with Islamic Sharia), and the Board of Directors approved in its meeting held on 7/28/2022 AD to initiate the Using it to finance the purchase of equipment, which will increase the production capacity of the plant and contribute to strengthening the financial position of the company and supporting its strategic objectives. Financing duration is 66 months including the first 6 months grace.
Financing objective is Purchase of equipments in order to increase production capacity.