Al-Babtain inks SAR 150 mln Murabaha facility with Samba

06/04/2020 Argaam

 

Al-Babtain Power & Telecommunication Co. (AL-Babtain) signed today a medium-term Murabaha facility agreement with Samba Financial Group at SAR 150 million, the company said in a bourse statement.

 

The credit facility, which has a four-year tenor, will go for rescheduling short-term debt into medium-term loans, which will boost liquidity required to settle the company's liabilities.

 

No related parties are involved in the agreement.

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