The Murabaha loan has an eight-year duration
ALUJAIN
2170
-0.16%
37.16
-0.06
2170
ALINMA
1150
-2.10%
26.12
-0.56
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