SAPTCO Signs Murabaha Facility Agreement with Al Rajhi Bank

23/04/2013 Tadawul

Saudi Public Transport Co (SAPTCO) announced signing Murabaha facility agreement of SAR 120.8 million with Al-Rajhi Bank on 23/04/2013.

This agreement is secured by a promissory note to finance purchasing of 250 trucks (King Long), the company said in a filing to Tadawul.
 

The company said that the finance will be repaid in monthly installments over 3 years. The first installment will be paid after one month of the first withdraw, according to the statement.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.