Al Othaim Investment secures SAR 3.1 bn shariah-compliant facility from SNB

Al Othaim lands SAR 3.06 bn facility: Abdullah Al Othaim Investment Company secured a SAR 3.06 bn shariah-compliant credit facility from the Saudi National Bank (SNB), according to a statement from Al Othaim on Wednesday. Further details were not disclosed.

Where will the money go? The funding will from SNB will help in “supporting the company's expansion plans, financing its diversified projects, and enhancing its strategic assets,” the statement said.

ICYMI- Al Othaim Investment tapped Bander Albohiry (LinkedIn) as its new CEO and Managing Director last month.