Al Akaria prepays Riyad Bank’s remaining loan balance

28/06/2022 Argaam
Logo ofSaudi Real Estate Co. (Al Akaria)

Logo of Saudi Real Estate Co. (Al Akaria)

Saudi Real Estate Co. (Al Akaria) on June 27 made a full early repayment of the remaining balance of a loan obtained from Riyad Bank, amounting to SAR 535.32 million, including interest. 

 

In statement to Tadawul, Al Akaria said this will have an impact on the company’s loan balance as part of its plan to reduce loans and financing costs.

 

The move will also have an impact on Al Akaria’s financial solvency, and strengthen its financial position. 

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