PHOTO
Riyadh – Makkah Construction and Development Company has signed a SAR 450 million credit facility with Bank Albilad.
The nine-year facility will be used to finance renovation and development in hotels and towers in Makkah, according to the company’s filing to the Saudi Stock Exchange (Tadawul) on Sunday.
The company already received the first tranche of the loan valued at SAR 50 million.
It is worth mentioning that the credit facility has a grace period of two years.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
