Al-Babtain Power and Telecommunications Co. inked on Wednesday a SAR 200 million Islamic credit facility with Gulf International Bank (GIB), the company said in a bourse statement.
The loan has a term of four years starting Dec. 10, 2017, to be repaid in monthly installments.
The bank facility is aimed at restructure part of the company’s short-term loans to increase liquidity to finance future needs.
The financial impact will be reflected during H1 2018, the statement added.
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}}