Umm Al-Qura Cement secures SAR 618.9 mln Islamic loan

22/07/2014 Argaam

Umm Al-Qura Cement signed today a SAR 618.9 million Shariah-compliant credit facility with Saudi British Bank (SABB) for a three-year tenure, a filing on Tadawul said.

The loan will be used to finance one of the company’s projects, and is collateralized by a promissory note.

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