Al-Babtain secures SAR 300m bank facilities from Alinma Bank

16/06/2014 Argaam

Al-Babtain Power and Telecommunication Company signed SAR 300m Islamic bank facility agreement with Alinma Bank.

The Islamic credit has a term of 4 years effective June 18, 2014 and is covered by the company’s existing projects.

The agreement aims at restructuring outstanding short term debts into long term debts which will raise the liquidity needed to finance the company’s future needs.

The financial effect of this agreement is to be realized on the company’s cash flow starting from H2-2014.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.