Dur inks SAR 300 mln Tawarruq deal with SABB

28/12/2017 Argaam

 

Dur Hospitality on Thursday signed a SAR 300 million Tawarruq deal with The Saudi British Bank (SABB), the company said in a bourse statement.

 

The hospitality firm will use the facility to finance several expansion projects.

 

The seven-year finance tenor, which extends until Dec. 27, 2024, is guaranteed by a promissory note.

 

Dur is finalizing other finance deals to boost its investment plans, the statement added. 

Comments {{getCommentCount()}}

Be the first to comment

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.