Fawaz Abdulaziz Alhokair Co. signed a Murabaha financing agreement worth SAR 3 billion ($800 million) with a syndicate of banks, the retailer said in a statement to Tadawul on Monday.

 

The new facility is composed of two tranches, including $650 million 7-year Murabaha facility to be fully utilized in refinancing existing debt, and $150 million 3-year revolving standby credit facility to finance the company’s operational and expansion needs.

 

The participating banks include Al Rajhi Banking and Investment Corporation, National Commercial Bank, Samba Financial Group, Arab National Bank, Mashreqbank, and Abu Dhabi Islamic Bank.

 

The facility is covered by the customary security package associated with term Murabaha agreements, the statement said, adding there are no related parties.

 

“The transaction allows us to consolidate all our existing debt into one Murabaha facility with more favorable terms and significantly reduces our cost of debt in a manner conducive to our long-term and ambitious growth strategy,” said Marwan Moukarzel, Chief Executive Officer of Fawaz Abdulaziz Alhokair Co.

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zicoom

منذ 2 سنه

سعره غالي جدا ؟

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159

elziwy

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ماشاءالله تبارك الله نتائج ممتازة 

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abd_abd

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بمقارنه في سعرة غالي وعدد الاسهم بعد زيادة رأس المال

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بوزايد33

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السهم مبالغ فيه
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الحدربي

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السهم حيوصل فوق ال ١٠ دراهم بعد قرار الاستحواذ على شركة الريم يوم ٢٩ أبريل باذن الله
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Falcon5

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ان شاءالله علي خطي العالميه القابضه

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2020YAZN

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مازالت ضعيفه 2% تقريبا من سعر السهم
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