Sunday, Jun 12, 2011
DUBAI (Dow Jones)--Nama Chemicals Co. (2210.SA) of Saudi Arabia said Sunday it had signed a 339 million Saudi riyals ($90.4 million), Sharia-compliant financing agreement with Bank Al Jazira (1020.SA).
The company said SAR263 million of the facility would be used to service an existing Murabaha loan, while SAR70 million would be used to establish an administrative building.
The Murabaha loan has a tenor of five years, it said in a statement posted on the website of the Saudi bourse.
Nama shares closed trading Saturday down 0.4% at SAR11.35.
-By Angus McDowall, Dow Jones Newswires; +971-4-446-1685, angus.mcdowall@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
12-06-11 0737GMT
