Tihama Signs a credit agreement for SR 29.7 bn

15/12/2013 Tadawul

Tihama Advertising & Public Relations Company announced the signing of a credit agreement with Murabaha Investment and Installment Co. for SR 29.7 bn on Thursday, 12/12/2013. The credit term for the loan is 2 years effective on 10/01/ 2014, the company said today on a statement on Tadawul.

The credit is collateralized by its real estate property in Al-Hamra district (Jeddah). The proceeds will be used to finance the company's existing and new projects.

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