Al-Khodari reschedules SAR 135 mln Islamic loan

03/03/2019 Argaam

 

Abdullah A. M. Al-Khodari Sons Co. signed on Feb. 28 an agreement with majority shareholder, Abdullah A. Al Khodari Sons Investment Holding Co. to reschedule an Islamic loan worth SAR 135 million.

 

The new repayment term is 6 months, the company said today in a statement to Tadawul.

 

The original tenor was three years, which was extended in January by 60 days.

 

The credit, which was restructured to support the company’s cash flows, is covered by the original promissory note.

 

Al-Khodari signed on Dec. 30, 2015 a SAR 135 million Islamic credit agreement with Abdullah A. M. Al-Khodari Sons Investment Holding Company, Argaam reported.

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.