Elm inks SAR 1.9B banking facilities agreement with SNB

Elm Co. signed, on March 27, a SAR 1.9 billion Shariah-compliant banking facilities agreement with Saudi National Bank (SNB).

In a statement to Tadawul, the company said that the financing period is five years, and the step aims at funding expansions and acquisitions.

The credit is covered by a promissory note.