22 October 2013
BANK ALBILAD announces the Buy of The building is situated in Riyadh city , along King Fahd Road intersecting with Makkah Road (south-west field of Cairo) of value SAR 410 Millions as following:
1.the deal parties : Bank AlBilad and Ajlan Real Estate Company
2.Method of the Financing deal : The bank pays the full transaction amount from its own sources.
3.Deal reasons :To be the Headquarters for the head office of the bank , and to meet the growing needs of offices for different departments of the Bank.
4.Expecting impact on the company operations : This Real estate property is classified as fixed assets with its costs for the purpose of conducting the banks various activities.
BANK ALBILAD announces the Buy of The building is situated in Riyadh city , along King Fahd Road intersecting with Makkah Road (south-west field of Cairo) of value SAR 410 Millions as following:
1.the deal parties : Bank AlBilad and Ajlan Real Estate Company
2.Method of the Financing deal : The bank pays the full transaction amount from its own sources.
3.Deal reasons :To be the Headquarters for the head office of the bank , and to meet the growing needs of offices for different departments of the Bank.
4.Expecting impact on the company operations : This Real estate property is classified as fixed assets with its costs for the purpose of conducting the banks various activities.
© Tadawul 2013
