Obeikan Glass secures SAR 50M credit facilities from SAB

Obeikan Glass Co. obtained Shariah-compliant credit facilities worth SAR 50 million from Saudi Awwal Bank (SAB).

The one-year facilities are guaranteed by a promissory note, the company said in a statement to Tadawul.

The loan is intended to finance the company’s working capital, the statement added, noting that no related parties are included.