Hamad Bin Saedan secures SAR 48M Murabaha facility from Alinma Bank

04:28 PM (Mecca time) Argaam- Nomu
Logo ofHamad Mohammed Bin Saedan Real Estate Co.

Logo of Hamad Mohammed Bin Saedan Real Estate Co.

Hamad Mohammed Bin Saedan Real Estate Co. signed today, April 23, a Murabaha financing agreement worth SAR 48 million with Alinma Bank.

 

The four-year financing is aimed at supporting future expansion plans, investment strategies, real estate development projects, Hamad Bin Saedan said in a statement on Tadawul.

 

The facilities were secured by a mortgage, in addition to personal guarantees provided by Board Chairman Hamad M. bin Saedan, and CEO Abdulaziz H. bin Saedan.

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