Al-Khodari borrows SAR 425 million from Samba

28/08/2014 Argaam

Abdullah A. M. Al-Khodari Sons Company renewed its outstanding Islamic credit facilities with Samba Financial Group amounting to SAR 425 million as per the agreement signed on September 25, 2014.

The purpose of the credit facilities is to provide bonding commitments and to finance working capital requirements for specific projects, a filing to Tadawul said.

The facilities are secured by a promissory note. 

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