SAPTCO inks SAR 46.6 mln murahaba deal with SABB

05/04/2017 Argaam

Saudi Public Transport Co. (SAPTCO) on Wednesday signed a murabaha financing agreement worth SAR 46.6 million with the Saudi British Bank (SABB), the transport company said in a statement to Tadawul.

 

SAPTCO took the loan against promissory notes and will use the amount to purchase 124 buses of the latest model.

 

The three-year murabaha facility will be repaid in monthly installments with the first installment due one month after receipt of the loan.

 

In December 2016, SAPTCO had signed a SAR 112.7 million deal to strengthen its fleet with 300 new buses, Argaam reported earlier. 

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.