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FinancialNews


  • 09-12-19

    SAR 88.5 million facility deal signed by Bawan Company to finance its subscription in IPO

    (MENAFN) Bawan Company informed that, Sharia-compliant facility deal with Banque Saudi Fransi (BSF) was signed with an SAR 88.5 million, to finance its subscription in Saudi Aramco's initial public offering (IPO).


    The loan's period is for 5 years including grace duration of one year, according to the company.


    The Saudi-based firm will offer the lender with a connection with the whole amount of the loan, as well as pledging the shares subscribed to in Aramco.


    As said by the company, the agreement has no associated parties.

    MENAFN0912201900450000ID1099391990

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