The Murabaha loan has an eight-year duration
ALUJAIN
2170
2170
ALINMA
1150
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
