The Murabaha loan has an eight-year duration
ALUJAIN
2170
-0.46%
35.04
-0.16
2170
ALINMA
1150
-0.76%
24.85
-0.19
1150
Riyadh – Mubasher: Alujain Holding Corporation has signed an Islamic Murabaha facility agreement with Alinma Bank to obtain funding worth SAR 1 billion.
The Murabaha loan has an eight-year duration from 16 August 2021, according to a bourse filing on Tuesday.
The listed company aims to buy additional shares in National Petrochemical Industrial Company (NATPET) through this Murabaha facility.
Source:
Mubasher