Al Hokair Group completes Nosok's transaction:

26/09/2012 Argaam

Al Hokair group completes Nosok (Al Jedaie'y)- Saudi Arabia full acquisition transaction as announced today on Tadawul.

 

The SAR 730m deal is financed by a SAR 717m Murabaha syndicated loan led by Samba Financial Group and includes Gulf International Bank and Saudi Hollandi Bank ,the loan has a grace period of 18 months, will be repaid on equal semiannual installments, the first installment is due on March 12th, 2014.

The remaining amount of SR 13m is financed by the company's internal resources.

 

Al Hokair group is also looking forward to acquire Nosok Jordon upon reviewing legal requirements.

 

 

 

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