Riyadh – Saudi Real Estate Company (Al Akaria) has agreed Shariah-compliant banking facilities with the Saudi British Bank (SAAB).

The obtained facilities are valued at SAR 100 million, according to the company’s statement to the Saudi Stock Exchange (Tadawul).

With the aim of financing working capital requirements, the facilities have a duration of one year (365 days).

 

Source: Mubasher

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