ZAWYA-NEWS: Saudi Al Kuzama Trading secures $9mln Islamic facility

Staff Writer

Saudi Arabia's Al Kuzama Trading Co. has secured SAR 35 million ($9.3 million) Shariah compliant facility from Al Rajhi Bank.

The facility, which has a tenure of 42 months, will be used to finance the acquisition of a 25% stake in Unique Food Catering Co. and to support working capital requirements.

(Writing by Brinda Darasha; editing by Seban Scaria)

brinda.darasha@lseg.com

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