Astra Industries secures SAR 877.5 mln Islamic finance

06/08/2014 Argaam

Astra Industries signed today six-year Shariah-compliant credit facilities with a total value of SAR 877.5 million with Saudi British Bank (SABB).
 

The finance is collateralized by a promissory note besides ordinary guarantees, and will be used in covering capital spending, the company said in a filing on Tadawul.

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