Al Hokair Group renews SAR 100 mln credit facility with Bank Aljazira

25/09/2018 Argaam

 

Abdulmohsen Alhokair Group for Tourism and Development Co. has renewed a SAR 100 million Sharia-compliant credit facility agreement with Bank Aljazira, the company said in a bourse filing on Tuesday.

 

The credit facility is intended to finance working capital requirements and covered by a promissory note. The term of the financing runs for four years, it added.

 

No related parties are involved in the transaction.

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