Riyadh – Maharah Human Resources Company has secured long-term Sharia-compliant Murabaha loans from Al Rajhi Bank and Saudi British Bank (SABB) to finance the company's future acquisitions.

Maharah obtained a long-term loan of SAR 181.5 million from Al Rajhi Bank and a long-term loan of SAR 181 million from SABB, according to a stock exchange statement on Sunday.

The financing term extends over seven years, including a grace period of two years.

The two transactions are guaranteed by corporate promissory notes covering the total facilities value, the statement read.

All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (Syndigate.info).