Pan Gulf obtains SAR 135M bank facilities from BSF

Pan Gulf Marketing Co. obtained SAR 135 million worth of Shariah-compliant credit facilities from Banque Saudi Fransi (BSF), according to a statement to Tadawul.

The one-year credit facilities were provided with no guarantees in return.

Pan Gulf will use the funds to finance working capital, the statement said, adding there are no related parties to the deal.