Fawaz Abdulaziz Alhokair Co. signed on Tuesday a murabaha financing agreement worth SAR 1.25 billion with Al Rajhi Bank, the Saudi retailer said in a statement to Tadawul.

 

The loan facility will go towards repaying all short-term loans.

 

The amount is covered by a promissory note, and the company is also required to deposit a ratio of its sales return in its bank accounts at Al Rajhi Bank.

 

The facility has a tenure of seven years and will be repaid gradually in semiannual installments.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request