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FinancialNews


  • 16-12-19

    Facility deal to be signed between Al Kathiri's subsidiary, Riyad Bank

    (MENAFN) According to Al Kathiri Holding Co, the company's subsidiary Alian Industry Company signed an USD18 million Shariah-compliant credit facility deal with Riyad Bank.


    The company said that, the period of the credit facility is 540 days and the company attained financing against a bond for an order of 100 percent of the whole facilities.


    It added that, the credit facility plans to finish the procedure of seting up a construction technology factory at Sudair City.


    The deal has no linked parties.

    MENAFN1612201900450000ID1099427752

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