SAPTCO inks SAR 118 mln deal with Arab National Bank

08/01/2017 Argaam

Saudi Public Transport Co. (SAPTCO) on Thursday signed a Murabaha financing agreement worth SAR 117.9 million with Arab National Bank (ANB), the transport services provider said in a statement to Saudi bourse, Tadawul.

 

The loan facility, which was taken against promissory notes, will go towards financing the purchase of the remaining 100 Mercedes-Benz buses (model 2017). SAPTCO last year signed an agreement to purchase 200 2017 Mercedes-Benz buses at a total value of SAR 235 million.

 

The facility will be repaid in monthly installments for three years, with the first installment due one month after receiving the financing amount.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.