Taiba Investments amends credit facility deal with Riyad Bank

23/07/2020 Argaam

Taiba Investments Co. on Thursday amended a bank facility agreement with Riyad Bank by cancelling the financing limit for a long-term loan worth SAR 533 million, due to the rescheduling of its real estate projects.

 

The amendment will have no impact on financials, the developer said in a bourse statement.

 

In April 2018, Taiba secured a 10-year Sharia-compliant loan worth SAR 533 million from Riyad Bank to finance its real estate projects.

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