SAPTCO Signs Murabaha Finance Agreement with Samba Group

02/06/2012 Argaam

Saudi Public Transport Co. (SAPTCO) announced signing Murabaha finance agreement at a total value of SAR 128.2 mn with Samba Financial Group to cover the costs of purchasing new buses, the company said in a filing to Tadawul.
 

The company said that the finance will be repaid in monthly installments over 36 months (3 years). The first installment will be paid in August 2012, according to the statement.

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