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FinancialNews


  • 07-10-13

    Tabuk, Albilad sign USD133.3 m agreement

    (MENAFN) Tabuk Cement Company (TCC) signed a USD 133.3 million agreement with Bank Albilad as the bank plans to support Tabuk in an expansion project of a cement plant, according to Arab News. Local media reported that Saleh bin Sulaiman Al-Habib, director-general of the corporate sector at Bank Albilad, and Khalid bin Saleh Al-Shathri, chairman of the TCC signed the deal of the largest private industrial venture in Tabuk. Al-Jasser said: "The deal is consistent with the directives of the bank to cover all parts of the Kingdom and shows the banks capability to provide flexible modern and Shariah-compliant financial solutions to its customers."

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