Al Akaria secures SAR 100 mln facility from SABB

23/02/2020 Argaam

 

Saudi Real Estate Co. (Al Akaria) secured on Feb. 20 a SAR 100 million sharia-compliant facility from The Saudi British Bank (SABB) to finance working capital requirements, according to a statement to Tadawul.

 

The 360-day credit facility has no related parties, and it is guaranteed by a promissory note worth SAR 100 million.

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