AL-KHODARI SIGNS SAR 500 MILLION ISLAMIC LOAN AGREEMENT

Abdullah A. M. Al-Khodari Sons Company announces the signing of Islamic Credit Facilities Agreement with Al INMA BANK on 04/12/2012 in the amount of SAR 500 million. This is a standby credit facility to fund capex and working capital requirements of the company. The modes of utilization are murabaha financing, multi-purpose bonds and documentary credit. The facility is secured by a promissory note and may be utilized till 16 July 2013, however, the tenor of the availed credit facilities will mature over the life of the projects for which it would be utilized.