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Saudi Arabia’s Bidaya Finance Company has renewed a 300-million-riyal ($80 million) shariah-compliant five-year loan facility with Al Jazira Bank.
The real estate financing firm said the facility will increase its sales volume through new originated loans to customers.
The Tadawul-listed company has provided a promissory note as a guarantee against the loan.
(Writing by Bindu Rai, editing by Seban Scaria)
