Al-Ahsa Development inks credit facility deal with Saudi Fransi Capital

Ahsa Development Company announces signing of an agreement of credit facilities(on draft)on 27/11/2013 H for guarantee, to ensure the portfolio securities owned by Al-Ahsa Development Company with Saudi Fransi Capital and the limited facilities at the company to participate in the initial public offerings ( IPOs ) and may not be for the company to withdraw or transfer any amounts against these credit facilities, may not be facilities that exceed the amount of SAR.150 million and the period for this agreement for one year , the company would like to report that the purpose of this agreement is to increase the sources of income for the company, in addition to the diversity of investments is expected to be impact in financial statement, in the first quarter of 2014