Abdullah A. M. Al-Khodari Sons Company announces the signing of Islamic Credit Facilities Agreement with The Saudi British Bank (SABB) on 30/04/2012 in the amount of SAR 200 million. The bank extended facilities for the purpose of providing bonding commitments, hedging and working capital needs of the company. 15% of the facilities shall be utilized under MURABAHA (funded) and 85% are for multi bonds, documentary credit and cost of finance hedging till expiry of the credit agreement which may be renewed after 31/03/2013. The repayment shall be made after the maturity of applicable tenor of the facility for which it would be drawn. The facilities are secured by promissory note and assignment of the contract proceeds of to be financed projects.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}