March 8, 2018 / 12:13 PM / 2 months ago

BRIEF-Saudi Automotive Services Renews Bank Facilities Agreement

March 8 (Reuters) - SAUDI AUTOMOTIVE SERVICES CO:

* RENEWS BANK FACILITIES AGREEMENT WITH RIYADH BANK

* AGREEMENT RENEWED FOR ADDITIONAL FINANCING OF 320 MILLION RIYALS

* PURPOSE OF FINANCING IS TO REPAYMENT OF PART OF OUTSTANDING LOANS TO ENSURE POSITIVE SURPLUS IN LIQUIDITY Source text for Eikon: Further company coverage:

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