Makkah Construction signs SAR 450 mln credit facility with Bank Albilad

Makkah Construction and Development Co. signed SAR 450 million shariah compliant, credit facility with Bank Albilad, the company said in a statement Tadawul.

The company said that the 9 years credit facility, including a 2 years grace period, will be used to renovate and develop hotels and towers in Makkah.